Trading range for the spot USD/INR will be 66.80 to 67/USD, says Pramit Brahmbhatt of Veracity.
The Indian rupee opened marginally lower at 66.90 per dollar on Monday versus 66.88 Friday.
Pramit Brahmbhatt of Veracity said, "Rupee will trade flat with positive bias. Positive cues from equity market will help rupee. A level of 66.80 is crucial resistance. Trading range for the spot USD/INR will be 66.80 to 67/USD."
The dollar rose against the yen on relief that US President Donald Trump set aside tough campaign rhetoric over security and jobs in a smooth meeting with Japanese Prime Minister Shinzo Abe, with no mention of currency policy.The Great Diwali Discount!
Unlock 75% more savings this festive season. Get Moneycontrol Pro for a year for Rs 289 only.
Coupon code: DIWALI. Offer valid till 10th November, 2019 .
First Published on Feb 13, 2017 09:02 am