Rupee opens marginally higher at 67.13 per dollar : Aug 30, 2016, 09.21 AM
NIFTY Fut TREND : BUY ZONE
BANKNIFTY Fut : BUY ZONE
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The Indian rupee opened marginally higher at 67.13 per dollar on Tuesday versus previous close 67.17.
"The probability of a US rate hike this year has increased substantially, after the recent hawkish commentary from Fed Chief, Yellen and other senior Fed officials.
The USD has gained broadly against most of the major and EM currencies." He further added, "The USD-INR pair continues to trade in a tight range.
We expect the pair to continue trading in the 67-67.50/dollar range in the near term.
Market may trend higher; RBI pours cold water on rate cut hopes
The dollar held steady after hitting a three-week high against the yen yesterday post Federal Reserve officials' hawkish comments. The next major data will be Friday's non-farm payrolls report for August.
NIFTY Fut TREND : BUY ZONE
BANKNIFTY Fut : BUY ZONE
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We expect the pair to continue trading in the 67-67.50/dollar range in the near termThe Indian rupee opened marginally higher at 67.13 per dollar on Tuesday versus previous close 67.17.
"The probability of a US rate hike this year has increased substantially, after the recent hawkish commentary from Fed Chief, Yellen and other senior Fed officials.
The USD has gained broadly against most of the major and EM currencies." He further added, "The USD-INR pair continues to trade in a tight range.
We expect the pair to continue trading in the 67-67.50/dollar range in the near term.
Market may trend higher; RBI pours cold water on rate cut hopes
The dollar held steady after hitting a three-week high against the yen yesterday post Federal Reserve officials' hawkish comments. The next major data will be Friday's non-farm payrolls report for August.
