Rupee opens higher at 66.77 per dollar : 6.3.2017
The USD-INR pair to trade in a range of 66.50-67/dollar for the day, Veracity.
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
The Indian rupee opened marginally higher at 66.77 per dollar on Monday versus Friday's close 66.81. Veracity said, "The rupee will take cues from the equity market and trade with a positive bias for the day. We expect the USD-INR pair to trade in a range of 66.50-67/dollar for the day." The dollar dipped in Asian trading, as investors locked in gains after the greenback's rise last week on growing expectations of a US interest rate hike this month. Fed funds futures prices show traders see more than an 85 percent chance of a rate increase this month. Meanwhile, the geolpolitial developments in Asia have boosted the yen.
The USD-INR pair to trade in a range of 66.50-67/dollar for the day, Veracity.
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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The Indian rupee opened marginally higher at 66.77 per dollar on Monday versus Friday's close 66.81. Veracity said, "The rupee will take cues from the equity market and trade with a positive bias for the day. We expect the USD-INR pair to trade in a range of 66.50-67/dollar for the day." The dollar dipped in Asian trading, as investors locked in gains after the greenback's rise last week on growing expectations of a US interest rate hike this month. Fed funds futures prices show traders see more than an 85 percent chance of a rate increase this month. Meanwhile, the geolpolitial developments in Asia have boosted the yen.