Rupee opens higher at 67.68 per dollar:16.11.2016
The USD-INR pair is expected to trade between 67.60-67.85/dollar range today, Lakshmi Vilas Bank.
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
The Indian rupee opened marginally higher at 67.68 per dollar on Wednesday versus previous close 67.74. Lakshmi Vilas Bank said, "The rupee fell to a 4-month low on expectations that Trump's policies may boost inflation in the US and lead to higher interest rates. It is expected to take cues from the equity market and also take support from balance of trade published yesterday which was favourable." He further added, "The USD-INR pair is expected to trade between 67.60-67.85/dollar range today." The dollar held near an 11-month high against a basket of currencies as some stability returned to the US bond market following a vicious sell-off, helped by unexpectedly strong data on US October retail sales.
The USD-INR pair is expected to trade between 67.60-67.85/dollar range today, Lakshmi Vilas Bank.
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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