Currency Today

Research report by 'RR Financial Consultants'
     
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Fundamental Analysis:

Rupee :


The Indian rupee could come under further pressure on Friday after dropping to a one-week low in the previous session, weighed by weak regional stock and the dollar firmness against majors. 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 – 75.29) neutral to bearish


   
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