Market Outlook Against the US dollar, the rupee opened flat at 71.7250 due to strong dollar demand from banks and importers amid unabated foreign fund outflows. Rupee came under pressure after the latest escalation of the US-China trade war. However, higher opening in domestic equities, easing crude oil prices and the government’s announcement of several[…]
Market Outlook The rupee is expected to remain range bound and average at 64.3 against the US dollar in the current financial year and is likely to be lower at 65.4 in 2018-19, says a UBS report. The dollar held firm near a seven-week high versus the yen on Monday, supported by recent rises in[…]
Market Outlook The rupee on Thursday opened 16 paise down at 64.16 against dollar on account of buying of American currency by banks and importers. The dollar consolidated gains on Thursday, a day after posting its biggest single-day rise in six weeks as markets looked forward to US inflation data that will determine the near[…]
USDINR on its intraday charts found strong support of trendline and closed above it, now if it breaks support of 68.7000 then it may drag towards next support level of 68.4500.