USD-INR is also trading in a range with Reserve Bank of India (RBI) presence on both sides. USD-INR is expected to trade today in a range of 63.50-63.70/dollar, says Mohan Shenoi of Kotak Mahindra Bank.
The Indian rupee slipped 6 paise in the early trade on Thursday at 63.64 per dollar versus 63.58 Wednesday. Mohan Shenoi of Kotak Mahindra Bank said, "Global markets are witnessing a fall in gold prices as part of a broader slide in commodity prices. US Fed rate hike looks certain in 2015. However, dollar is still trading in a range against major currencies awaiting further triggers." "USD-INR is also trading in a range with Reserve Bank of India (RBI) presence on both sides. USD-INR is expected to trade today in a range of 63.50-63.70/dollar," he added. Also Read - Hope RBI acknowledges near normal monsoon on Aug 4: UTI MF The dollar gained after its biggest fall in a month on Tuesday. Sterling too gained in response to minutes from the Bank Of England's last meeting that suggested some policymakers support higher interest rates.
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The Indian rupee slipped 6 paise in the early trade on Thursday at 63.64 per dollar versus 63.58 Wednesday. Mohan Shenoi of Kotak Mahindra Bank said, "Global markets are witnessing a fall in gold prices as part of a broader slide in commodity prices. US Fed rate hike looks certain in 2015. However, dollar is still trading in a range against major currencies awaiting further triggers." "USD-INR is also trading in a range with Reserve Bank of India (RBI) presence on both sides. USD-INR is expected to trade today in a range of 63.50-63.70/dollar," he added. Also Read - Hope RBI acknowledges near normal monsoon on Aug 4: UTI MF The dollar gained after its biggest fall in a month on Tuesday. Sterling too gained in response to minutes from the Bank Of England's last meeting that suggested some policymakers support higher interest rates.
For More Detail visit Our SIte -- http://www.allianceresearch.in/
Or Call On - 9993716323, 0761-4025251
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