Rupee opens higher at 67.84 per dollar : 7.12.2016
RBI policy meets street expectations, the rupee will trade in a range of 67.75-68.15/dollar, Lakshmi Vilas Bank.
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The Indian rupee opened marginally higher at 67.84 per dollar on Wednesday versus previous close 67.90. Lakshmi Vilas Bank said, "The rupee gained considerably against the USD yesterday on account of dollar selling by exporters and custodial banks. A deeper than expected rate cut may take the rupee lower today." "In case the RBI policy meets street expectations, the rupee will trade in a range of 67.75-68.15/dollar," he added. The euro held slightly below three week highs against the US dollar as investors waited on tomorrow's highly anticipated European Central Bank meeting. The dollar index rises after dropping to its lowest levels since November 15.
RBI policy meets street expectations, the rupee will trade in a range of 67.75-68.15/dollar, Lakshmi Vilas Bank.
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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The Indian rupee opened marginally higher at 67.84 per dollar on Wednesday versus previous close 67.90. Lakshmi Vilas Bank said, "The rupee gained considerably against the USD yesterday on account of dollar selling by exporters and custodial banks. A deeper than expected rate cut may take the rupee lower today." "In case the RBI policy meets street expectations, the rupee will trade in a range of 67.75-68.15/dollar," he added. The euro held slightly below three week highs against the US dollar as investors waited on tomorrow's highly anticipated European Central Bank meeting. The dollar index rises after dropping to its lowest levels since November 15.