USDINR Intraday Outlook : 24.3.2017
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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As the DXY strengthened a bit holding itself above the 99.50 levels yesterday amidst speeches from FED Chair Yellen and FOMC member Kashkari alongwith the rising jobless claims and strong new home sales data, markets majorly are concerned on the U.S. Prsident Trump's ability to deliver on his legislative agenda. A clear decision on the Helthcare Law is to be taken today as the votes could not reach a majority yesterday. INR against the USD would not be witnessing any major movement untill then and is expected to trade with less momentum in the Indian trading hours. The currency's stand against EUR & GBP would drive it against USD as well for the day. The Core durable goods and durable goods orders data would also drive the Dollar against the majors in the Euro-U.S. trading sessions.