Tuesday, December 6, 2016

Rupee will trade between 67.75-68.15/USD : 7.12.2016

Rupee will trade between 67.75-68.15/USD : 7.12.2016
RBI policy meets street expectations, the rupee will trade in a range of 67.75-68.15/USD, Lakshmi Vilas Bank.
NIFTY FUT  TREND             : SELL ZONE
BANKNIFTY FUT  TREND  : SELL ZONE

                                       
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"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/USD." He further said, "The 10-year benchmark bond yield will take cues from the RBI action today and is likely to trade between a range of 6.15-6.22 percent today."