Currency Today

Research report by 'RR Financial Consultants'
     
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Fundamental Analysis:

Rupee :


The Indian rupee strengthened on T uesday, pulling away fro m a seven-week lo was sentiment was boosted by an increase in risk appetite, gains in the share market and the dollar's weakness against major currencies.(IND:46.66)Neutral. Dollar Index: The USD index closes at 80.22.It is the crucial level now the next level above 80.86 can be 82.  The upswing in index indicates the strength in dollar against major currencies and thus affecting the US equity market . As it sh are inverse correlation with equity.

(Dollar Index – 79.90)bullish


   
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