USDINR Strategy by Best Advisory Company

Currencies

USDINR

US dollar index is trading at 95.46, remaining supported against the majors in a low volatility August month . Friday’s weak retail sales data failed to pressure the dollar and with the housing and the CPI data from the US scheduled to be reported today, we can expect further USD strength for today.

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Rupee

EURINR

Euro is trading at 1.1190, continuing to trade in the range of 1 .11 – 1 .1250 with limited movement . Euro has also been supported by the weakness in the British Pound and the trend is likely to remain intact . German and European Zew economic sentiment data is scheduled to be reported today and is likely to help the Euro appreciate further.

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