Buy USDINR Strategy 66.79 - 66.83; target of 67.03: Karvy

Karvy has come out with its report on currencies. According to the research firm, one can Buy USDINR Strategy 66.79 - 66.83; for the target of 67.03 with a stop loss of 66.69.
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Oct 17, 2016, 10.39 AM | Source: Moneycontrol.com

Buy USDINR Strategy 66.79 - 66.83; target of 67.03: Karvy

Karvy has come out with its report on currencies. According to the research firm, one can Buy USDINR Strategy 66.79 - 66.83; for the target of 67.03 with a stop loss of 66.69.

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Buy USDINR Strategy 66.79 - 66.83; target of 67.03: Karvy

Karvy has come out with its report on currencies. According to the research firm, one can Buy USDINR Strategy 66.79 - 66.83; for the target of 67.03 with a stop loss of 66.69.

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, Karvy Stock Broking |

Karvy's research report on Currencies

Currencies

USDINR

US dollar index is trading at 98 . 10 , appreciating against the majors in today’s Asian session after a round of profit booking before the weekend . Retail sales rebounded on Friday but a drop in consumer sentiment led to profit booking . Yellen had little to add to the dollar movement and the overall strength of the US dollar remained intact . There is limited data from the US today and the focus would be on the overall market sentiment.

EURINR

Euro is trading at 1 . 0970 , depreciating against the US dollar and trading below the key 1 . 10 level . Euro has reflected the US dollar strength as there was limited data from the EU . Going ahead, there are a few important data to be reported this week and would decide the further direction for the shared currency . CPI data and speech from Draghi would be in focus.

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

To read the full report click here

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Buy USDINR Strategy 66.79 - 66.83; target of 67.03: Karvy

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