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USD/INR Spot: Above ₹68.05 Sell Karna Mana Hai, We Only Blast

USD/INR Spot: Above ₹68.05 Sell Karna Mana Hai, We Only Blast 

“No Magic, No Miracle, Just Power of Level”

Neal Bhai Reports (NBR) By CFA’s  and MFA’s Technical Team

Mobile No. 9582247600 & 9899900589

Rupee trades lower against US dollar

At 9.08 am, the rupee was trading at 68.12 a dollar, down 0.43% from its Friday’s close of 67.83

The Indian rupee traded lower against the US dollar on Monday, tracking the losses in Asian currencies. At 9.08 am, the rupee was trading at 68.12 a dollar, down 0.43% from its Friday’s close of 67.83. It opened at 67.99 a dollar and touched a high and a low of 67.90 and 68.13 respectively.

The benchmark Sensex gained 0.26%, or 94.15 points, to 35783.75 points in pre-opening session.

The 10-year bond yield was trading at 7.807% compared to its previous close of 7.820%. Bond yields and prices move in opposite directions.

So far this year, rupee has declined 6.22%, while foreign institutional investors have sold $1.01 billion in equity and $8.34 billion in debt.

Post Updated 25 June, 2018 09:45 AM

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Neal Bhai has been involved in the Bullion and Metals markets since 1998 – he has experience in many areas of the market from researching to trading and has worked in Delhi, India. Mobile No. - 9899900589 and 9582247600

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