Currency Today

RR Financial Consultants

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Fundamental Analysis:

Rupee :


The rupee fell the most in more than three weeks as the deteriorating public finances of E uropean natio ns, including Greece and Portugal, prompted investor to favor safer bets  than emer ging markets..(IND:46.25)Neutral.



Dollar Index: The USD index has taken support  near 77 and  has change the trend in the near term. It is likely to face resistance at 81 and will trade in the range of 78-80 for few sessions. The upswing in index indicates the strength in dollar against major currencies and thus affecting the US equity market . As it share inverse correlation with equity.

(Dollar Index – 80 )bullish

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