The local currency on Tuesday advanced 18 paise to settle at more than two-month high of 69.71 against the US greenback.
The rupee on Wednesday opened almost flat at 69.69 against the US dollar following soft macroeconomic data released yesterday.
Inflation in February grew at 2.57 percent compared to 1.97 per cent rise in the previous month. On the other hand, industrial production grew at a sluggish pace in January suggesting that the central bank could adopt to cut rates to boost the pace of the economy.
According to the data released by the Central Statistics Office (CSO), the Index of Ind ..
“Today, USDINR pair is expected quote in the range of 69.50 and 70.20,” Motilal Oswal Finanical Services said.
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Inflation in February grew at 2.57 percent compared to 1.97 per cent rise in the previous month. On the other hand, industrial production grew at a sluggish pace in January suggesting that the central bank could adopt to cut rates to boost the pace of the economy.
According to the data released by the Central Statistics Office (CSO), the Index of Ind ..
“Today, USDINR pair is expected quote in the range of 69.50 and 70.20,” Motilal Oswal Finanical Services said.
Get more details here:
Intraday stock tips, Financial Advisory Company ,Derivative Free Trial,Stock tips
Call on:9977499927
* Investment & Trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.
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