Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
28 July, 2017 08:24 IST
Buy USD/INR April futures in 64.35-64.45 range: ICICIdirect
Source: IRIS | 18 Apr, 2017, 09.01AM
Comments  |  Post Comment

ICICIdirect expects the USD to find support at lower levels. ''Utilise downsides in the pair to go long on the USDINR pair. April futures in the range of 64.35-64.45 with target 64.75-64.85 .''

The rupee pared early gains to end lower against the USD, as dollar purchases by state-run banks and weak domestic equities wiped out gains stemmed from weak USD. The USD index fell further against major currencies as gains over JPY were offset by losses against the Euro and GBP. USDJPY pair saw some profit booking as risk aversion subsided following lower offensive from the US over North Korea.

GBP and Euro gained as a far right anti-Euro French political party saw some of its support dipping recently. In the currency futures market, the most traded dollar-rupee April contract on the NSE ended at 64.60. The April contract open interest fell 3.55% from the previous day. May contract open interest rose 0.14% from the previous day.

Disclaimer: IRIS has taken due care and caution in compilation of data for its web site. Information has been obtained by IRIS from sources which it considers reliable. However, IRIS does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. IRIS especially states that it has no financial liability whatsoever to any user on account of the use of information provided on its website.

Comments Post comment 
 Post Comment
Name Email
Comment
Security Code type    into this box
Expert Speak
Sell USD/INR August futures in 64.45-64.55 range: ICICIdirect - 27-Jul-2017 08:58
Markets likely to see a positive opening: ICICIdirect - 27-Jul-2017 08:55
Markets likely to open flat: Angel Broking - 27-Jul-2017 08:52
Sell USD/INR July futures in 64.30-64.40 range: ICICIdirect - 26-Jul-2017 09:03
Markets likely to open flat: Angel Broking - 26-Jul-2017 08:58
Markets likely to see a flat opening: ICICIdirect - 26-Jul-2017 08:52
Sell USD/INR July futures in 64.40-64.50 range: ICICIdirect - 25-Jul-2017 09:02
Markets likely to open flat to positive: ICICIdirect - 25-Jul-2017 08:57
Markets likely to open flat: Angel Broking - 25-Jul-2017 08:54
Sell USD/INR July futures in 64.50-64.60 range: ICICIdirect - 24-Jul-2017 09:13
Markets likely to open flat: ICICIdirect - 24-Jul-2017 09:02
more...
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer