Indian rupee opens flat at 68.76 per dollar

USDINR pair is expected to quote in the range of 68.50 and 69.05…

ripplesadvisory

The Indian rupee opened flat at 68.76 per dollar on Thursday against previous close 68.77.

Rupee consolidated in a narrow range of 68.50 and 69.00(Spot) despite strength in the dollar against its major crosses and volatility in global crude prices. On the domestic front, volatility for the USDINR pair could be confined to a narrow range ahead of inflation and industrial production number that will be released today. Expectation is that inflation could inch higher and that could keep gains capped for the rupee, said Motilal Oswal.

Yesterday, crude oil prices witnessed a sharp sell-off after reports that Libya would reopen its ports raised expectations of growing supply and OPEC report showed Saudi hiked its oil output in June to the highest level since the end of 2016.

Today, USDINR pair is expected to quote in the range of 68.50 and 69.05, it added.

Best services products with best technical support which will make your Financial Trading easy let us to know you more click here for the next level  >>  Ripples Advisory Or in ONE MISSED CALL ON @9644405056

Please follow and like us:
20

About admin

The stock market refers to any market arena where dealings of securities including equities, bonds, currencies, and derivatives occurs. Ripples Advisory Private Limited, Indore is the one who undertakes a wide range of competence, and our client’s services are boosts by our knowledge of regional risks and markets to inform the quirky financial, risk managing and regulatory appeals that they face.
View all posts by admin →

Leave a Reply

Your email address will not be published. Required fields are marked *