Sell USDINR; target of 64.35: Karvy

Karvy has come out with its currency report. According to the research firm, one can enter sell USDINR at 64.56-64.60 for target of 64.35 with a stop loss of 64.75.

June 06, 2017 / 10:56 IST

Karvy's currency report on USDINR

This is the daily chart of USDINR pair, during the last trading day the pair opened 64.35 made a high of 64.39 and trading in a narrow range for the day with a doji kind of a pattern on spot, the pair has been on a broader range of 64.00 on the downside and 64.70 on the upside (spot), likely to open at 64.30 levels with MACD indicator trading below zero line expects the pair to trade side wise for the day ahead of the RBI policy tomorrow.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.

first published: Jun 6, 2017 10:56 am

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Subscribe to Tech Newsletters

Al Edge Newsletter On Saturdays

Find the best of Al News in one place, specially curated for you every weekend.
MC Tech 3 Newsletter Daily-Weekdays

Stay on top of the latest tech trends and biggest startup news.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347