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ICICI Direct recommended buying USD/INR in the 65.80 to 65.90 range with a target of 66.10 to 66.20 and a stop loss at 65.70. The rupee had fallen to a fresh six-month low after Fed Chair Yellen's comments raised expectations of another US rate increase.
Government bond yields were steady while the US 10-year yield rose to 2.31%.
This is a trading recommendation on currency movement with no direct supply or demand change for feed commodities. It reflects the market view that rupee weakness could continue.
moneycontrol.comSep 28, 2017Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
