FOMC meeting minutes and the ongoing Greece negotiations will continue to play on the rupee. Expect a trading range of 63.40-63.55/dollar today, says NS Venkatesh of IDBI Bank.
The Indian rupee opened with a marginal loss of 8 paise at 63.54 per dollar on Wednesday against previous close of 63.46. NS Venkatesh of IDBI Bank said, "The rupee in yesterday's trade gained considerably to touch the high point of 63.30/dollar intraday; however, finally closed at 63.46/dollar on the back of importer demand." "Crude oil prices moved up a bit, however are still at comfortable levels. FOMC meeting minutes and the ongoing Greece negotiations will continue to play on the rupee. Expect a trading range of 63.40-63.55/dollar today," he added.
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The Indian rupee opened with a marginal loss of 8 paise at 63.54 per dollar on Wednesday against previous close of 63.46. NS Venkatesh of IDBI Bank said, "The rupee in yesterday's trade gained considerably to touch the high point of 63.30/dollar intraday; however, finally closed at 63.46/dollar on the back of importer demand." "Crude oil prices moved up a bit, however are still at comfortable levels. FOMC meeting minutes and the ongoing Greece negotiations will continue to play on the rupee. Expect a trading range of 63.40-63.55/dollar today," he added.
For More Detail Visit Our Site -- http://www.allianceresearch.in/
Or Call On - 0761-4032175,9993716323
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