Sare Tips - ICICIdirect suppose the US dollar to garner buying support on declines opposed the rupee. ''Utilise reduce in the USD/INR this July agreement to buy. Buy USD/INR this July futures in the choice of 63.45-63.55 with goal 63.70-63.86.''
The rupee closed weak for a second day opposed the US dollar, tracking Asian peers, as Federal Reserve Chair Janet Yellen’s sign of rate grow this year boosted need for the greenback. The Indian currency closed of the day at 63.51, down 0.15% from the back close of 63.41. The dollar index opposed six major currencies ended at 97.65, up 0.52% from the previous close of 97.15.
In the currency futures market, the most traded dollar-rupee July deal on the NSE ended at 63.65. The July deal open interest was up 1.76% from the previous day. The August contract open interest was up 6.62% from the previous day
The rupee closed weak for a second day opposed the US dollar, tracking Asian peers, as Federal Reserve Chair Janet Yellen’s sign of rate grow this year boosted need for the greenback. The Indian currency closed of the day at 63.51, down 0.15% from the back close of 63.41. The dollar index opposed six major currencies ended at 97.65, up 0.52% from the previous close of 97.15.
In the currency futures market, the most traded dollar-rupee July deal on the NSE ended at 63.65. The July deal open interest was up 1.76% from the previous day. The August contract open interest was up 6.62% from the previous day
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