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Published on 26/06/2020 1:19:33 PM | Source: Angel Broking Ltd

Quote on Ruppe by Mr. Anuj Gupta, Angel Broking

Posted in Currency Report| #Expert Views #Currency Tips #Angel Broking Ltd

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Below is the Quote on Ruppe by Mr. Anuj Gupta, DVP Commodities and Currencies Research, Angel Broking Ltd

“Today, Rupee opened with a positive note due to weakness in dollar and coupled with life time increase in Indian FOREX reserves. However, cut in global growth forecast may curb the sharp appreciation in Indian rupee. For intraday trading, Rupee has a strong support at 75.30 levels and resistance at 76.00 levels. We recommend sell in USDINR around 75.70 - 75.80, with the stop-loss of 76.00 and for the target of 75.30 levels. We expect appreciation in Indian Rupee.”

 

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