USDINR likely to trade negative: Sushil Finance

Sushil Finance's report on rupee USDINRThe U.S. dollar hit multi-week lows against the euro and Swiss franc on Friday, the day after minutes from the Federal Reserve's September meeting bolstered expectations for a later interest rate hike, while growth-linked currencies surged.The dollar index, which measures the greenback against a basket of six major currencies, was set for its second straight week of losses after the minutes focused on external factors depressing the outlook for inflation.The dollar rose, however, against the safe-haven yen as the outlook for accommodative central bank policy around the world drove traders into riskier currencies.OutlookUSDINR is likely to trade negative on the back of minutes from the Federal Reserve's September meeting reinforced the view that the central bank would not hike U.S. rates until next year.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.

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