HomeNewsBusinessStocksBuy USDINR; target of Rs 62: Dani

Buy USDINR; target of Rs 62: Dani

One can buy USDINR at 61.84 with a stoploss of Rs 61.70 for the target price of Rs 62, says Dani Commodities.

November 26, 2014 / 14:20 IST
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Dani Commodities' report on Currency

Rupee gains on dollar sales: Dollar selling by the custodian banks and a large corporate which helped offset importer demand for the greenback, helped further losses in the rupee.Rupee closed at 61.86/87 per dollar on Tuesday (25 November 2014), versus its previous close of 61.9350/9450 per dollar on Monday.

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JPYINR :- Buy at 52.45, Stoploss 52.30, Target 52.65.

USDINR :- Buy at 61.84, Stoploss 61.70, Target 62.