Rupee opens lower at 66.94 per dollar : 16.02.2017
The USD -INR is expected to trade in the range of 66.70-67 for the day, Kotak Mahindra Bank.
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
The Indian rupee opened lower by 4 paise at 66.94 per dollar on Thursday versus previous close 66.90. Kotak Mahindra Bank said, "Dollar rally looks to have lost steam despite Fed chair Yellen's hawkish testimony and uncertainty regarding Trump's economic & foreign policy." "Rupee has been resilient on the back of change in monetary policy stance of RBI. The USD -INR is expected to trade in the range of 66.70-67 for the day," he added. The dollar retreated from 1-month high as investors took profits after US data showed robust growth in retail sales and consumer prices in January.
The USD -INR is expected to trade in the range of 66.70-67 for the day, Kotak Mahindra Bank.
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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The Indian rupee opened lower by 4 paise at 66.94 per dollar on Thursday versus previous close 66.90. Kotak Mahindra Bank said, "Dollar rally looks to have lost steam despite Fed chair Yellen's hawkish testimony and uncertainty regarding Trump's economic & foreign policy." "Rupee has been resilient on the back of change in monetary policy stance of RBI. The USD -INR is expected to trade in the range of 66.70-67 for the day," he added. The dollar retreated from 1-month high as investors took profits after US data showed robust growth in retail sales and consumer prices in January.