Rupee slumps to a 15 month low - Geojit Financial Services
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Rupee slumps to a 15 month low
Oil trims gains; US equity futures slip.
US 10 year yield was little changed as the cash market opened from a holiday.
Possibility of a widening Chinese crackdown and higher energy costs cloud sentiments.
US CPI and retail sales figures expected.
US financial firms to announce Q3 results this week.
Both FIIs and DIIs were net sellers in Indian equities yesterday. FIIs sold net 1303 crore, while DIIs sold net 373 crore.
OUTLOOK - USDINR
We will go in today with the expectation of 75.4-75.54 as long as 75.25 holds downsides. Slippage past the same could call for 4.94/87, but a collapse is less expected.
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Trend reversal in FPI investment from buying in last 3 months to selling in Sep
