Rupee Opens Higher | Best Advisory Company

The Indian rupee opened higher by 6 paise at 66.85 per dollar on Friday against previous close 66.91.

Best Advisory Company provides free stock market news updates and trading advice to invest in stock and commodity market, so investor earn more profit through accurate calls.

rupee-tradtips

The Bank Of England (BoE) finally cut rates coupled with a QE package, in-line with market expectations. The markets will be keenly awaiting the crucial non-farm payroll numbers today, after a weak recent GDP number.

The USD-INR pair has been trading in 66.50-67/dollar range, with strong FII flows coupled with intervention at lower levels capping the gains. We expect the pair to continue trading this range in the near term

The dollar, meanwhile, gained against a basket of currencies as investors continue to balance positions ahead of today’s crucial US nonfarm payrolls report for July.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s