Rupee is expected to appreciate today amid weak dollar - ICICI Direct
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Rupee Outlook and Strategy
US dollar declined 0.64% yesterday amid rise in risk appetite in the global markets and retreat in US treasury yields. Market sentiments improved on reports of progress in peace talks between Russia and Ukraine. Meanwhile, upbeat economic data from US prevented further downside in dollar
Rupee future maturing on April 27 appreciated by 0.19% amid softening of crude oil prices and weak dollar. Further, investors remained vigilant ahead of peace talk between Moscow and Ukraine
Rupee is expected to appreciate today amid weak dollar and softening of crude oil prices. Further, rupee may gain strength on rise in risk appetite in the global markets. Market sentiments improved on hopes of de-escalation in Ukraine-Russia conflict. Talks were described by both nations as constructive. Meanwhile, investors will remain cautious ahead of job data from US. USDINR (April) is expected to trade in a range of 75.75.25-76.20
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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory
