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Monday, 27 February 2017

Indian Stock Market Tips; Rupee Opens At 66.75 Per Dollar; Gains 8 Paise

The Indian rupee gained in the early trade on Monday. It has opened higher by 8 paise at 66.75 per dollar against Friday's close 66.83. Pramit Brahmbhatt of Veracity said, "`66.80/dollar is crucial resistance for rupee. Expect rupee to break the resistance and will head towards 66.50/dollar. Trading range for USD/INR pair will be 66.50-67/dollar." The US dollar fell to a more than two-week low against the Japanese yen as investors doubted the likelihood of swift tax reform and a quick spending boost from US President Donald Trump's administration. British pound dipped noticeably in early Asian trade.

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