Indian rupee slips 29 paise at 64.35 per dollar

0 Comments

I expect the USD-INR to trade in a range of 64.05-64.25 for the day, says Bhaskar Panda of HDFC Bank.

nifty market tips

The Indian rupee plunged 29 paise in the early trade. It opened at 64.35 per dollar as against previous close 64.06 yesterday.

The rupee is trading at the lowest level since December 18.
Bhaskar Panda of HDFC Bank said, "The dollar index has a relatively better day riding on higher than expected US non-farm payroll numbers."


"The USD-INR was under pressure for a combination of factors which includes dollar strength, Union Budget, higher crude prices etc. I expect the USD-INR to trade in a range of 64.05-64.25 for the day."

"Globally, bond yields have moved up. The 10-year benchmark bond yield has been hardening on the premise of sticky higher retail inflation. I expect this trend to continue towards 7.75 percent from current 7.605 percent gradually," he added.The dollar gained against a basket of currencies as the US bond yields rallied on safe-haven demand stemming from a dramatic selloff on Wall Street.

Two days Free Trials and best services packages for dealing in Stock market click here to get >> Nifty Market Tips One Missed call on @9644405056

Ripples Advisory Private Limited

Ripples Advisory is a SEBI Registered & ISO Certified Share Market Advisory. It is undoubtedly the Best Nifty Tips Provider in India. Ripples Advisory private limited is, without doubt, the only advisory firm which has repute in providing Nifty Market Tips & other share market tips. Ripples Advisory has a team of experienced & skilled research analyst who provide sure shot share market tips which has helped its clients to earn a huge amount of profit from their investments. Get the most accurate Nifty Future Trading Tips, Nifty Market Tips, Nifty Future Tips On Mobile, etc only at Ripples Advisory. To know more about Ripples Advisory & it's services, visit - http://www.ripplesadvisory.com/nifty-future.php or give us a missed call at - 9644405056

No comments:

Post a Comment

Note: only a member of this blog may post a comment.