Today, USD-INR pair is expected to quote in the range of 69.20 and 69.90, says Motilal Oswal.
The Indian rupee appreciated to a three-week high against US dollar tracking gains in local equity and Asian currencies market. Besides, selling of the American currency by exporters, positive opening in domestic equities and foreign fund inflows supported the rupee.
The domestic currency opened on Monday at 69.40 against the dollar and registered an intraday high and low of 69.34 and 69.53 respectively so far during the day.
However, the local currency pared some gains and was quoted at 69.5 against the American currency at 12:11 PM.
The 10-year bond yield was at 7.226% compared with Friday's close of 7.225%.
The rupee had settled at 69.53 against the US dollar on Friday.
Meanwhile, the US dollar index slipped 0.1% retreating further from two-year peaks, after weaker than expected US economic data added to the view that the economy is losing momentum.
The domestic currency opened on Monday at 69.40 against the dollar and registered an intraday high and low of 69.34 and 69.53 respectively so far during the day.
However, the local currency pared some gains and was quoted at 69.5 against the American currency at 12:11 PM.
The 10-year bond yield was at 7.226% compared with Friday's close of 7.225%.
The rupee had settled at 69.53 against the US dollar on Friday.
Meanwhile, the US dollar index slipped 0.1% retreating further from two-year peaks, after weaker than expected US economic data added to the view that the economy is losing momentum.
Get more details here:-
* Investment & Trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.
Call on:9977499927
Intraday stock tips, Financial Advisory Company, Derivative Free Trial, Stock tips
* Investment & Trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.
Call on:9977499927
Intraday stock tips, Financial Advisory Company, Derivative Free Trial, Stock tips
No comments:
Post a Comment