Quote on Rupee hitting an all-time low By Mr. Gaurang Somaiya, Motilal Oswal Financial Services.
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Below is quote on Rupee hitting an all-time low by Mr. Gaurang Somaiya, Forex & Bullion Analyst, Motilal Oswal Financial Services.
“Rupee fell fresh all-time low as broader strength in the dollar continued and also as global crude oil prices continued to trade higher. Last week's inflation number released on the domestic front and from the US came in higher that disturbed the overall market sentiment. We expect the momentum for the USDINR to remain positive and quote in the range of 77.40 and 78.20.”
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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory
