Currency Today

Research report by 'RR Financial Consultants'
     
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Fundamental Analysis:

Rupee :


The rupee strengthened on Wednesday as exporters sold dollars to book profit,  but further gains were capped by local share losses and decent dollar buying by importers and oil refiners. (IND:46.44) 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 – 79.82)Neutral


   
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