Sushil Finance has come out with its report on Indian Rupee. According to the research firm, the currency is expected to trade on mixed note. It has a resistance at 59.10/59.35.
The Indian Rupee depreciated by 0.2 percent in yesterday's trading session and closed at 58.77 on the back of strength in DX coupled with rise in risk aversion in the domestic markets. Further, geopolitical tensions in Ukraine, dollar buying by central bank and month end dollar demand from importers added pressure on the currency. However, positive FII inflows and expectations among the investors that the new government may come with good reforms prevented sharp fall in the Indian Rupee.
Outlook
Indian Rupee may trade on mixed note. Optimistic domestic market sentiments coupled with positive FII inflows may support Indian Rupee to gain strength. Whereas, dollar buying by central bank and month end dollar demand from importers may add downside pressure on the currency.
Technical Outlook
Currency - USDINR May
Strategy - Sideways
Support - 58.45/58.60
Resistance - 59.10/59.35
For all recommendations, Click here
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
To read the full report click here
Anda sedang membaca artikel tentang
Indian Rupee has resistance at 59.10/59.35: Sushil Finance
Dengan url
https://rokokkanker.blogspot.com/2014/05/indian-rupee-has-resistance-at-59105935.html
Anda boleh menyebar luaskannya atau mengcopy paste-nya
Indian Rupee has resistance at 59.10/59.35: Sushil Finance
namun jangan lupa untuk meletakkan link
Indian Rupee has resistance at 59.10/59.35: Sushil Finance
sebagai sumbernya
0 komentar:
Posting Komentar