The range for the USD-INR pair is seen between 63-63.80/dollar, says Pramit Brahmbhatt of Veracity.
The Indian rupee opened marginally higher at 63.36 per dollar on Wednesday against 63.39 Tuesday. Pramit Brahmbhatt of Veracity said, "Reduction in FIIs inflows coupled with profit booking in local equities may put pressure on the rupee to depreciate. However, the gains in Asian equities may support the rupee." "The range for the USD-INR pair is seen between 63-63.80/dollar," he added. Also Read - RBI may lower rates in Aug 4 policy review: Moody's Dollar eased as data shows a surprise drop in US retail sales in June denting optimism about US economic growth.
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The Indian rupee opened marginally higher at 63.36 per dollar on Wednesday against 63.39 Tuesday. Pramit Brahmbhatt of Veracity said, "Reduction in FIIs inflows coupled with profit booking in local equities may put pressure on the rupee to depreciate. However, the gains in Asian equities may support the rupee." "The range for the USD-INR pair is seen between 63-63.80/dollar," he added. Also Read - RBI may lower rates in Aug 4 policy review: Moody's Dollar eased as data shows a surprise drop in US retail sales in June denting optimism about US economic growth.
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For More Detail Visit Our Site -- http://www.allianceresearch.in/
Or Call On -- 0761-4032175, 9993716323
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