The US dollar is expected to attract some buying on declines against the INR. Utilize the lows in the USD/INR November contract to buy above above 49.18 for Target- 49.36/49.45 and Stop Loss- 49.09.
Indian Rupee is likely to follow the suit from Asian Currencies. Amongst the regional peers Korean won and Indonesian Rupiah are down by 0.5%. Therefore, even Rupee is expected open down by 10-12 paise from 49.27/28 a dollar close yesterday. In the currency futures market, the most traded near-month dollar-rupee contract on the NSE closed at 49.52. The USD/INR November open interest was down by 9.0%. The December contract witnessed an increase in open interest by 1.8%.
Indian Rupee is likely to follow the suit from Asian Currencies. Amongst the regional peers Korean won and Indonesian Rupiah are down by 0.5%. Therefore, even Rupee is expected open down by 10-12 paise from 49.27/28 a dollar close yesterday. In the currency futures market, the most traded near-month dollar-rupee contract on the NSE closed at 49.52. The USD/INR November open interest was down by 9.0%. The December contract witnessed an increase in open interest by 1.8%.
0 comments:
Post a Comment