Rupee opens at 66.75 per dollar, up 8 paise : 02.03.2017
The USD-INR to range between 66.50-67.50/dollar in the near term, Mizuho Bank.
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
The Indian rupee gained in the opening trade on Thursday. It has gained by 8 paise at 66.75 per dollar versus 66.83 Wednesday. Mizuho Bank said, "We expect the USD-INR to range between 66.50-67.50/dollar in the near term with the State election results on March 11 crucial for its continued strength." The dollar hit a seven-week high after hawkish comments from two Federal Reserve officials increased expectations that the US Central Bank is closer to raising interest rates. Futures traders are now pricing in a 69 percent chance of a Fed hike in March, up from 35 percent on Tuesday.
The USD-INR to range between 66.50-67.50/dollar in the near term, Mizuho Bank.
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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The Indian rupee gained in the opening trade on Thursday. It has gained by 8 paise at 66.75 per dollar versus 66.83 Wednesday. Mizuho Bank said, "We expect the USD-INR to range between 66.50-67.50/dollar in the near term with the State election results on March 11 crucial for its continued strength." The dollar hit a seven-week high after hawkish comments from two Federal Reserve officials increased expectations that the US Central Bank is closer to raising interest rates. Futures traders are now pricing in a 69 percent chance of a Fed hike in March, up from 35 percent on Tuesday.
