Today Rupee opens at 67.14 per dollar; down 8 paise in the Market
The Indian rupee opened lower by 8 paise at 67.14 per dollar on Monday versus 67.06 Friday.The dollar was near a two-week high against the yen after comments from Central Bank chiefs at the weekend reinforced the divergence between monetary policy in the US and other parts of the world.
Bank of Japan governor Haruhiko Kuroda reiterated a pledge to ease monetary policy further if necessary, saying that he would bolster economic stimulus "without hesitation."
USDINR
USINR pair recovered marginally from the low of 67.3 1 and finally settled at 37.39 moving 9 paisa. Pair i s still quoting within the narrow range. The pair is just holding below the immediate trend line resistance a break a bove that will extend till the resistance of 67.65. For the day, we recommend to buy above 67.42 for above mentioned targets.
Read More - Currency updates
0 Comments