01-01-1970 12:00 AM | Source: Motilal Oswal Financial Services Ltd
Perspective on Rupee hitting a record low today of 80/$ level By Mr. Gaurang Somaiya, Motilal Oswal Financial Services
Perspective on Rupee hitting a record low today of 80/$ level By Mr. Gaurang Somaiya, Forex & Bullion Analyst, Motilal Oswal Financial Services Ltd
“Rupee fell as broader strengthen in the dollar continued ahead of the important FOMC policy statement that will be released next week. Expectation is that the Fed could raise rates by another 75bps and maintain a hawkish stance. On the domestic front, trade deficit continued to widen and that also is weighing on the rupee. We expect the USDINR (Spot) to trade with a positive bias and quote in the range of 79.70 and 80.20.”
Above views are of the author and not of the website kindly read disclaimer
Latest News
Insurance Sector Update : Motor drags down overall g...
Sell Gold Below 72700 SL Above 72950 TGT 72400/72100...
Wipro shares nosedived over 9 pc after missed earnin...
Economic Survey links mental health disorders with '...
India's GDP growth for FY25 to surpass Economic Surv...
Evening Roundup : A Daily Report on Bullion Energy &...
FIIs stood as net buyers in equities as per July 22 ...
Union Budget: Experts urge government to remove 18 ...
Poonawalla Fincorp AUM up 52% YoY to Rs 26,972 crore...
Sensex ends lower ahead of Union Budget 2024-25
Tag News
EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory
Euro remained under pressure on Thursday amid weaker set of economic numbers from Euro zone - ICICI Direct
USDINR is trading near all time low and we might see some RBI intervention but as long as 82.80 - Tradebulls Securities
GBPINR broke down below its 100 DMA yesterday and closed with a big bearish candle around 103.82 - Swastika Investmart