# Buy USDINR; target of 64.75 - 64.85: ICICI Direct- Moneycontrol.com

> ICICI Direct recommended buying USDINR with a target of 64.75 to 64.85 after the rupee closed sharply lower on June 16. The firm cited weak equities and a hawkish Fed stance.

- Date: 2017-06-16 · published 2017-06-16T12:00:00.000Z
- Category: market · region India · magnitude low
- Page: https://feedsoft.ai/events/70793-buy-usdinr-target-of-64-75-64-85-icici-direct-moneycontrol-com
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

This is a trading recommendation rather than a supply or demand event, so its direct effect on feed commodity prices is limited.

## Read by commodity

- USDINR: bullish ▲

## Sources

- moneycontrol.com: https://www.moneycontrol.com/news/business/stocks/buy-usdinr-target-of-64-75-64-85-icici-direct-2305691.html

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