ICICI Direct's currency report on USDINR
Rupee depreciated for the first time in last three days ahead of the key FOMC meeting. Meanwhile strong dollar inflows has restricted its fall. For the day, USDINR is expected to move towards the 82.00 ahead of much anticipated 25 bps hike by the Federal reserve. For now, investors will be watching out for the commentary on future path of the interest rate cycle. US$INR is likely to consolidate in between 81.60 and 82.00. Only a move below 81.60 would weaken the pair towards 81.40. On the flipside a move above 82.00 would rise towards 82.20.
For all Currency report, click here
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.
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!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
