Tag: Brokerage Recos – Currency

21 Sep
ICICI Direct’s currency report on USDINR
he rupee appreciated against the US dollar on Wednesday, supported by easing crude oil prices and likely dollar selling by the Reserve Bank of India (RBI). USDINR is expected to rise towards 83.30, as long as it holds above 82.80. The hawkish comments from the US Federal Reserve are likely to support the dollar. USDINR is expected to find support near 83.00 and move towards 83.40. A move above 83.40 would open the doors towards 83.60.