Wednesday, February 22, 2017

Rupee opens flat at 66.96 per dollar : 23.02.2017

Rupee opens flat at 66.96 per dollar : 23.02.2017
In-line with global trends, rupee is also seen in a narrow range. USD-INR trading range for the day is 66.80-67.05/dollar, Kotak Mahindra Bank.
NIFTY FUT  TREND             : BUY ZONE
BANKNIFTY FUT  TREND  : BUY ZONE


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The Indian rupee has opened almost flat at 66.96 per dollar on the last day of week against previous close of 66.97. Kotak Mahindra Bank says US dollar remained rangebound against majors as market focus shifts to a possible rate hike in March FOMC meeting. In-line with global trends, rupee is also seen in a narrow range, he adds. USD-INR trading range for the day is 66.80-67.05/dollar, Shenoi says. The dollar slipped after Federal Reserve meeting minutes disappointed expectations for a hawkish tone.