01-01-1970 12:00 AM | Source: Geojit Financial Services Ltd
Dollar Index increased the most in nearly a month as investors weighed - Geojit Financial Services Ltd
News By Tags | #2767 #4943

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel

https://t.me/InvestmentGuruIndiacom

Download Telegram App before Joining the Channel

News Box

Dollar Index increased the most in nearly a month as investors weighed the impact of mixed economic data on the Federal Reserve’s plan to taper stimulus.

The Japanese Yen was the day’s second-biggest gainer.

FIIs bought net 1621.88 worth of Indian equities, pushing benchmark indices to new record peaks for consecutive days.

Surprise strength in US retail sales, pushed US yields and the dollar higher. US Equities slipped.

OUTLOOK - USDINR

The rupee tested the recent low of 73.36 as expected, but the quick pull back thereof, has diluted the prevailing negative bias. The positive momentum thereof could remain as long as 73.50, in which case, 73.6-73.65 may be expected.

 

To Read Complete Report & Disclaimer Click Here

 

For More Geojit Financial Services Ltd Disclaimer https://www.geojit.com/disclaimer 
SEBI Registration Number: INH200000345

 

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer