Today, USD-INR pair is expected to quote in the range of 69.7 and 70.50, says Motilal Oswal.
On May 9 the rupee ended lower by 23 paise from its Wednesday's close of 69.71 per dollar.
Rupee fell together with other Asian currencies as uncertainty related to trade war talks between US and China escalated. Top US and Chinese trade negotiators concluded the first of two days of talks yesterday to rescue a trade deal that is close to collapsing as Washington prepares to go ahead with plans to hike tariffs, said Motilal Oswal.
Tensions between the two major economies eased off in the latter half after US President Donald Trump said he had received a “beautiful letter” from Chinese President Xi Jinping as negotiations on a trade deal between the two countries continue in Washington.
Get more details here:-
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
* Investment & Trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.Call on:9977499927
No comments:
Post a Comment