Currency Today

RR Financial Consultants

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Fundamental Analysis:

Rupee :


This week may not be a good bet towards the appreciation of the rupee against the dollar as traders are expected to buy dollar after a series o f holidays for the New Year. January is expected to be volatile as trad ers await the outcome o f the Reserve Bank o f India’s monetary policy to be held later this month  .Neutral

Dollar Index:. This index is headed towards the next target of 79 in the coming week and will result in weakness in the world stock markets. Its supports seem near 75-75.20

 (Dollar Index – 78) Bullish

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