Currency Today

Research report by 'RR Financial Consultants'
     
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Fundamental Analysis:

Rupee :


The rupee may lack mo mentum in early deals given an uncertain outlook for the sharemarket, but it should find some support near the one-month highs hit earlier this week fro m the dollar's drop versus major currencies. bullish

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 p ast so me 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 – 75.25) neutral to bearish


   
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