# Sell USDINR; target of 65.05 - 64.95: ICICI Direct- Moneycontrol.com

> ICICI Direct's currency report recommends selling USD/INR with targets of 65.05 to 64.95. It notes the rupee had its biggest one-day gain in nearly four weeks ahead of the Federal Reserve meeting, and that the November futures contract ended at 65.07. Government bond yields also rose on supply concerns.

- Date: 2017-10-31 · published 2017-10-31T12:00:00.000Z
- Category: market · region India · magnitude low
- Page: https://feedsoft.ai/events/68747-sell-usdinr-target-of-65-05-64-95-icici-direct-moneycontrol-com
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

A stronger rupee against the dollar lowers the local-currency cost of imported feed inputs for India, but the trading call itself has little direct effect on global grain or meal prices.

## Read by commodity

- USDINR: bearish ▼

## Sources

- moneycontrol.com: https://www.moneycontrol.com/news/business/stocks/sell-usdinr-target-of-65-05-64-95-icici-direct-2-2423961.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.