Karvy has come out with its report on currencies. According to the research firm, one can Sell USDINR Strategy 68.88-68.92; for the target of 68.70 with a stop loss of 69.05
Karvy's research report on Currencies
Euro is trading at 1.0633, appreciating marginally against the US dollar in yesterday’s trade. Failure of the US dollar to break higher helped the marginal recovery in the euro.There was no major news yesterday but today the Euro calendar is heavy with the German retail sales and unemployment and the European CPI data. A positive reading coupled with the hesitant dollar can take the pair higher.
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