The Indian Rupee gained in the early trade on Monday. It has opened higher by 14 paise at 65.28 per Dollar versus 65.42 Friday. Considering 10-year bond as well as equity market movement, we are of the view that rupee will trade sideways in a range of 65.20-65.50/dollar. The US dollar took a spill in early Asian trade as investors in the region fretted about the chances of US fiscal stimulus following the defeat of President Donald Trump's healthcare package.
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The Indian Rupee gained in the early trade on Monday. It has opened higher by 14 paise at 65.28 per Dollar versus 65.42 Friday. Considering 10-year bond as well as equity market movement, we are of the view that rupee will trade sideways in a range of 65.20-65.50/dollar. The US dollar took a spill in early Asian trade as investors in the region fretted about the chances of US fiscal stimulus following the defeat of President Donald Trump's healthcare package.
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