Wednesday, 16 November 2016

Expect USD-INR to open at 67.82/USD levels

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The rupee fell to a 4-month low on expectations that Trump's policies may boost inflation in the US and lead to higher interest rates. It is expected to take cues from the equity market and also take support from balance of trade published yesterday which was favorable. The USD-INR pair is expected to open at 67.82/USD levels and trade between 67.60-67.85/USD range today.

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