Rupee opens at 67.04 per dollar; rises 15 paise : 09.02.2017
The USD-INR pair is expected to trade in a range of 66.90-67.20/dollar, Kotak Mahindra Bank.
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
The Indian rupee gained further in early trade Thursday. It has opened higher by 15 paise at 67.04 per dollar versus previous close of 67.19. Kotak Mahindra Bank says US dollar is in a tight range against most currencies despite strong US payroll data indicating exhaustion in the rally. He expects rupee to strengthen against the dollar in-line with other Asian currencies. The USD-INR pair is expected to trade in a range of 66.90-67.20/dollar, according to him. The dollar pressured by the decline in US treasury yields amid uncertainty about President Donald Trump's economic policies.
The USD-INR pair is expected to trade in a range of 66.90-67.20/dollar, Kotak Mahindra Bank.
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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The Indian rupee gained further in early trade Thursday. It has opened higher by 15 paise at 67.04 per dollar versus previous close of 67.19. Kotak Mahindra Bank says US dollar is in a tight range against most currencies despite strong US payroll data indicating exhaustion in the rally. He expects rupee to strengthen against the dollar in-line with other Asian currencies. The USD-INR pair is expected to trade in a range of 66.90-67.20/dollar, according to him. The dollar pressured by the decline in US treasury yields amid uncertainty about President Donald Trump's economic policies.