Currency Today

Research report by 'RR Financial Consultants'
     
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Fundamental Analysis:

Rupee :


The rupee rose to a 16-month high on Monday, closing at 45.33 against the US dollar, on the back of strong foreign institutional investment (FII) inflow over past months and the weakening of the dollar against major currencies. Bullish.

Dollar Index:. The index will move within  a range of 77.20—78.10 in the coming week. The trend in neutral on the daily chart  Its supports seem near 75-75.20  (Dollar Index – 77) Neutral


   
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