Rupee opens marginally lower at 66.74 per dollar:7.11.2016
The rupee is likely to head towards 66.50/dollar levels and the trading range for the day is likely to be between 66.50-66.80/dollar, Veracity.
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
The Indian rupee opened marginally lower by 4 paise at 66.74 per dollar on Monday versus 66.70 Friday. Veracity says, "Weak US economic data and dollar index will help rupee gain today. The rupee is likely to head towards 66.50/dollar levels and the trading range for the day is likely to be between 66.50-66.80/dollar." The US dollar slipped against the safe-haven Swiss Franc on Friday on nervousness ahead of US presidential election, despite a solid US jobs report that supported expectations for a Federal Reserve rate hike next month.
The rupee is likely to head towards 66.50/dollar levels and the trading range for the day is likely to be between 66.50-66.80/dollar, Veracity.
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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The Indian rupee opened marginally lower by 4 paise at 66.74 per dollar on Monday versus 66.70 Friday. Veracity says, "Weak US economic data and dollar index will help rupee gain today. The rupee is likely to head towards 66.50/dollar levels and the trading range for the day is likely to be between 66.50-66.80/dollar." The US dollar slipped against the safe-haven Swiss Franc on Friday on nervousness ahead of US presidential election, despite a solid US jobs report that supported expectations for a Federal Reserve rate hike next month.
