USDINR
The Rupee cheers, likely to commence Monday session between 73.50-73.60 after Friday sharper correction from 74.20 to 73.68 as an absence of central bank support as well as heavy inflow against the greenback.
The Indian government said, “India attracted foreign direct investment (FDI) inflows of $22.53 billion during the first three months of the fiscal year starting on April 1, 90% higher than the April-June period last year”.
Greenback was nursing losses and kept near multi-week lows after Federal Chair Jerome Powell laid out a slower-than-expected path to rate hikes, while a storm lashing oilfields in the Gulf of Mexico lifted oil-exposed currencies.
Day Trend: - UPSIDE SELL
Commentaires