Currency Today

RR Financial Consultants

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Fundamental Analysis:

Rupee : The Indian rupee should rise on Monday backed b y a sharp fall in the US dollar and tracking mostly higher Asian stocks that could boost sentiment for the domestic sharemarket  . Neutral

Dollar Index: The Dollar Index (basket against 6 currencies with EUR accounting for 57% of the basket) is trading in a 77—75 trading range for the past some sessions. The bias is negative for the indicator. Dollar Index was down nearly 1 %, back to 2009 lows. Its supports seem near 75-75.20

 (Dollar Index – 75.30) neutral to bearish

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