USD-INR seen between 66.75-67/USD range: 22.09.2016

USD-INR seen between 66.75-67/USD range: 22.09.2016

NIFTY Fut               : BUY ZONE
BANKNIFTY FUT : BUY ZONE
Click Here  & Register To Get 2 days Trial Tips
Free Intraday Tips : Join Our Whatsapp No : 9841986753

ALWAYS TRADE WITH STRICT STOPLOSS TO AVOID HUGE LOSS

G-Sec in India is also expected to react positively

FOMC at its meeting yesterday left the Fed funds rate unchanged even while the case for hiking has strengthened. Bank of Japan has also kept its policy rate unchanged while introducing yield curve control. Dollar weakened marginally across the board in particular against yen.

This is positive for EM currencies. USD-INR trading range for the day seen between 66.75-67/USD." He further said, "FOMC decision is positive for EM bonds. G-Sec in India is also expected to react positively. The new 10-year bond is expected to trade in a range of 6.80-6.84 percent today."

Presented by

DISCLAIMER

The suggestions made herein are for information purposes and are not recommendations to any person to buy or sell any securities. The information is derived from various sources that are deemed to be reliable but its accuracy and completeness are not guaranteed.Our blog does not accept any liability for the use of this column. Readers of this column who buy or sell securities based on the information in this column are solely responsible for their actions. And we won't be liable or responsible for any legal or financial losses made by anyone .Any surfing and reading of the information available in this blog is the acceptance of this disclaimer.