ICICI Direct expects USDINR to find supports at lower levels. Utilise downsides in the pair to initiate long positions.
ICICI Direct's currency report on USDINR
The rupee closed slightly higher v/s US$, although it pared most of its opening gains by the end of the session. It is likely to open slightly changed while losses in CNY and strength is US$ is likely to exert pressure on Rupee • The US dollar extended further gains with dollar index ending the session higher above 98.0 levels. Weakness in Euro and profit booking in JPY supported gains in ...
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