# Buy USDINR; target of 66.10 - 66.20: ICICI Direct- Moneycontrol.com

> 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%.

- Date: 2017-09-28 · published 2017-09-28T12:00:00.000Z
- Category: market · region India · magnitude low
- Page: https://feedsoft.ai/events/69259-buy-usdinr-target-of-66-10-66-20-icici-direct-moneycontrol-com
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

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.

## Sources

- moneycontrol.com: https://www.moneycontrol.com/news/business/stocks/buy-usdinr-target-of-66-10-66-20-icici-direct-2399879.html

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