Angel Broking's report on currencyUSDINRThe Indian Rupee appreciated by 0.21 percent in the last week as disappointing release of ADP/NFP Non - Farm Employment Change data from the US pushed the American currency lower which in turn worked in favor of the Indian Rupee. Moreover, minutes from the Federal Reserve's December’16 meeting suggested a less hawkish stance from policymakers which boosted foreign inflows in emerging market equities including India. Due to all the above factors, USDINR is likely to appreciate in today’s trading session. OUTLOOK USDINR is likely to appreciate in today’s trading session. 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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