We expect the USD-INR pair to trade in a range of 66.50-66.80/dollar today, says Mohan Shenoi of Kotak Mahindra Bank.
The Indian rupee opened marginally lower by 4 paise at 66.59 per dollar on Thursday versus 66.55 Wednesday. Mohan Shenoi of Kotak Mahindra Bank said,
"Mixed data from US and fall in crude oil prices has resulted in underperformance of commodity currencies and Asian risk assets. Non-farm payroll data tomorrow from US will determine further course for the currency markets."
"We expect the USD-INR pair to trade in a range of 66.50-66.80/dollar today," he added. The dollar gained, rebounding from recent lows against the yen and euro as data on US trade and factory orders eased some growth worries.
Written by Unknown
We are Creative Blogger Theme Wavers which provides user friendly, effective and easy to use themes. Each support has free and providing HD support screen casting.
0 comments:
Post a Comment