Monday, January 23, 2017

Rupee opens at 68.08 per dollar, gains 12 paise : 24.01.2017

Rupee opens at 68.08 per dollar, gains 12 paise : 24.01.2017
The Indian rupee opened higher by 12 paise at 68.08 per dollar on Tuesday against 68.20 per dollar on Monday.
NIFTY FUT  TREND             : BUY ZONE
BANKNIFTY FUT  TREND  : BUY ZONE


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The Indian rupee has opened higher by 12 paise at 68.08 per dollar on Tuesday against previous day's closing of 68.20 per dollar. HDFC Bank feels the rupee is likely to remain rangebound within the range of Rs 68-68.30 against the US dollar. On bond outlook, he says the 10-year benchmark bond yield is expected to trade within the range of 6.40-6.45 percent today.  The dollar slumped to a seven-week low against a currency basket, weighed by concerns about the early days of Donald Trump's administration.