Monday, February 13, 2017

Rupee rebounds 5 paise to gain past 67 per dollar : 14.02.2017

Rupee rebounds 5 paise to gain past 67 per dollar : 14.02.2017
The USD-INR pair to remain rangebound, HDFC Bank.
NIFTY FUT  TREND             : BUY ZONE
BANKNIFTY FUT  TREND  : BUY ZONE


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The Indian rupee rebounded in early trade Tuesday, with gaining past its 67 level against the US dollar It has opened higher by 5 paise at 66.97 per dollar against previous close of 67.02. HDFC Bank says he expects the USD-INR pair to remain rangebound. The pair is expected to trade in a range of 66.95-67.30/dollar today, according to him. The dollar rose to a near three-week high against a basket of currencies, lifted by hopes of US tax cuts as well as bets on whether the Federal Reserve may raise interest rates more quickly.