All major currencies appreciated yesterday. Rupee appreciated yesterday on the back of weakness in Dollar as US data showed slower growth in the US. Speaking on rupee versus dollar outlook Anuj Gupta, Deputy Vice President - Commodities & Currency trade at Angel Broking said, “Yesterday USD-INR appreciated by 0.09 per cent and closed at 73.47 levels.
Us dollar to indian rupee tv#
See Zee Business Live TV streaming below: Sell on rise on Sept futures but with stop loss above 74.10 on a closing basis." On INR-USD terms, Banerjee said that Indian Rupee may go up to Rs 72.50 in the next fortnight. Intra week upward pullbacks can occur from time to time but as long as those upward spikes do not take USDINR Sept futures above 74.10 on a sustainable basis, bearish bias holds. In USDINR, a bigger picture, which is relevant for positional traders, indicates a downward trend.
They said that the dollar is expected to become weak as the US Federal Reserve is expected to further cut key rates.Ĭommenting upon the Rupee dollar deviation in the next fortnight, Anindya Banerjee, Deputy Vice President at Kotak Securities said, "Indian Rupee is expected to remain strong against the US dollar as the US Fed is expected further cut interest rates that will lead to weakness in the American currency against the major global currencies at the Forex Market. INR vs USD: In the wake of the US dollar (USD) going further down against the major currencies at the Forex Market, the commodities and currency experts are of the opinion that Indian National Rupee (INR) is expected to go from strength to strength and hit 72 per dollar levels.
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