The rupee is expected to appreciate on a weakness in the dollar, persistent FII inflows - ICICI Direct
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2021/10/e563eca409970247d494aa568437f5be.png)
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Rupee Outlook and Strategy
• US dollar declined on Friday amid disappointing non-farm payrolls data. However, sharp downside was cushioned on uptick in US treasury yields and decline in US stocks
• Rupee future maturing on October 27 depreciated by 0.33% in Friday’s trading session on strong dollar and surge in crude oil prices. Further, RBI kept interest rates unchanged and maintained its accommodative stance. Additionally, market participants remained cautious ahead of jobs data from the US
• The rupee is expected to appreciate on a weakness in the dollar, persistent FII inflows and ahead of anticipation of improved economic data from country. India CPI data is likely to show that inflation eased in September and remained within RBI’s comfort zone. However, sharp gains may be prevented on risk off mood globally and surge in crude oil prices
To Read Complete Report & Disclaimer Click Here
https://secure.icicidirect.com/Content/StaticData/Disclaimer.html
Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer
![](https://portfolio.investmentguruindia.com/uploads/news/Axis Securities Ltd.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Indiateam57.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/munishakhatwal57.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/geojit Financial Services.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/tatapower57.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/MP Ahammed.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Fintech Pre-budget expectation.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/uttarpradesh57.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Budget_3.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Cyberpeace.jpg)
Tag News
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/5f8722dc5cfdcb05d0a567e0df6a967e.jpg)
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](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/c49d5573f54fd1fe07309fbce5369a52.jpg)
![USDINR is trading near all time low and we might see some RBI intervention but as long as 82.80 - Tradebulls Securities](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/0732326f21b0692a41afc4432d1a7a56.jpg)
![GBPINR broke down below its 100 DMA yesterday and closed with a big bearish candle around 103.82 - Swastika Investmart](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/842b8e5254d53919452a82c7f06190bd.jpg)
More News
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2022/05/69c17e54903031ab4cbbc16eb4eab81e.jpg)
USD/INR is trading above 20 and 50 DMA. Buy on dips near 77.40 for tgt of 77.80 - Tradebulls...
![USDINR closed 21 paise higher at 73.30 yesterday - Geojit Financial](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2021/05/22ebba056a455489214b79112052b114.jpg)
![Rupee is likely to appreciate further today amid weakness in dollar and decline in US treasury yields - ICICI Direct](https://portfolio.investmentguruindia.com/uploads/news/ICICI Direct IMAGE.jpg)
![GBPINR is trading near to recent support level of 100.4-100.45 and if it holds this level - Swastika Investmart Ltd](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2022/01/7384c877c90606dfdc38543bf0b39259.jpg)