Indian Rupee Opens Lower At 63.60 Per Dollar

Indian rupee opened lower by 5 paise at 63.60 per dollar on Monday versus 63.55 Thursday.

 

The rupee will remain under pressure on the back of a strong dollar. We expect the spot USD-INR pair to trade in a range of 63.50-63.80 for the day.

 

Friday gave the dollar bears a big boost with a big endorsement of a weaker dollar.

 

Get Commodity Tips >> Missed Call >> 7089009189 And Like This Page >> Investment Visor.

Comments

Post a Comment

Popular posts from this blog

Commodity Tips: Turmeric Trading Range For The Day Is 7086-7502

Image
Turmeric on NCDEX settled down by -1.36% at 7256 tracking weak demand in physical markets despite of an expectation of improvement in up country demand for new season crop. However downside seen limited following weak arrivals amid reports of lower output and due to poor crop prospects as sowing was down due to prevailing lower prices at the time of sowing.   Trading Ideas:    * Turmeric trading range for the day is 7086-7502.   * Turmeric prices ended with losses tracking weak demand in physical markets despite of an expectation of improvement in up country demand for new season crop.   * Prices also seen supported following weak arrivals amid reports of lower output.   * Arrivals of new crop turmeric are limited at present in Nizamabad market.   * In Nizamabad, a major spot market in AP, the price ended at 7457.15 Rupees dropped -92.85 Rupees.   Get More Trading Tips So Click Here...
Read more

Gold Trading Range For The Day Is 29724-30026

Image
Gold on MCX settled up 0.26% at 29911 as the U.S. dollar fell to fresh three-year lows, but an end to uncertainty created by a three-day U.S. government shutdown capped gains. The dollar extended recent weakness against a basket of major currencies to hit a fresh three-year low, after the euro surged on consumer confidence data indicating strong momentum in the region's economy.   Trading Ideas:    * Gold trading range for the day is 29724-30026.   * Gold gained as the U.S. dollar fell to fresh three-year lows, but an end to uncertainty created by a three-day U.S. government shutdown capped gains.   * The U.S. economy is likely to grow in 2018 at its fastest pace in three years, fuelled by the biggest tax overhaul since the 1980s.   * Gold demand in China firmed as retailers stocked up ahead of the Chinese New Year while price discounts widened in India.   Get Daily Profit Using Our Commodity Tips ...
Read more

Rmseed Trading Range For The Day Is 4035-4119

Image
Rmseed trading range for the day is 4035-4119.    Mustard seed dropped as pressure seen as new season mustard has commenced in Rajasthan while in Madhya Pradesh it will start from the first week of February.    India 2017-18 mustard seed output expected to fall by 10% on lower acreage and moisture stress.    NCDEX accredited warehouses mustard seed stocks dropped by 68 tonnes to 9133 tonnes.    In Alwar spot market in Rajasthan the prices remains unchanged by 0 Rupees to end at 3973.5 Rupees per 100 kg.   Get Commodity Tips So Give a Missed Call @ 7089009189 And Like This Page >> Investment Visor .
Read more