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USDINR may trade lower today: Sushil Finance
Source: IRIS | 20 Aug, 2014, 10.08AM
Rating: NAN / 5 stars.
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''USDINR may trade in the negative zone as lower Brent crude prices continue to pressure US dollar. Further, geopolitical tensions in Iraq and ongoing conflicts between Russia and Ukraine may continue to ease and support to the Rupee,'' said Sushil Finance.

''The Indian rupee strengthened slightly on Tuesday on bunched up dollar inflows after a four-day weekend and as shares hit a second consecutive record high, but broader gains were capped by good greenback demand from oil importers,'' it added.

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