11:27 AM IST Buy US$/INR May target of 63.98-64.15: ICICIdirect.Also, weakness in Asian equities will act as a negative factor. 11:28 AM IST Expect Indian Rupee likely to trade sideways: Angel BrokingĪccording to Angel Broking, Indian Rupee are expected likely to trade sideways today as caution ahead of approval from the Rajya Sabha on Goods and Services Tax (GST) will exert pressure on the currency.According to the research firm, USDINR May is expected to trade in a range of 63.94-64.04. has come out with its report on currencies. 12:01 PM IST Expect USDINR May to trade in 63.94-64.04 range:ICICIdirect.12:02 PM IST Indian Rupee likely to depreciate today: AngelĪccording to Angel Broking, Indian Rupee is likely to depreciate today as concerns over the government‘s taxation policies dented the confidence of foreign investors leading to a major sell-off in the domestic market.
According to the research firm, one can sell USDINR May future for the target of target of 64.05-63.80
11:46 AM IST Sell US$/INR May fut target of 64.05-63.80: ICICIdirect.According to the research firm, USDINR May is expected to trade in a range of 63.87-63.97. 10:23 AM IST USDINR May may trade in 63.87-63.97 range: ICICIdirect.Utilise declines in the US$/INR May contract to buy for target of 64.23-64.46. expect the US dollar to garner buying support on declines against the rupee. 11:00 AM IST Buy USDINR May: target of 64.23-64.46: ICICIdirect.However, global sell-off will act as negative factor. 11:00 AM IST Indian Rupee likely to appreciate: AngelĪccording to Angel Broking, Indian Rupee is likely to appreciate today as weak CPI may likely boost the RBI to consider cutting rates for the third time this year.According to the research firm, USDINR June is expected to trade in a range of 64.00-64.10. 11:10 AM IST USDINR Jun may trade in 64.00-64.10 range: ICICIdirect.11:13 AM IST Indian Rupee likely to depreciate today: Angel Brokingįrom the intra-day perspective, Rupee is likely to depreciate today as lack of agreement between Greece and its international creditors will give a boost to the greenback which in turn will be a negative factor for the Indian currency, says Angel Broking.Utilise declines in the US$/INR June contract to buy for target of 64.25-64.42. expects the US dollar to garner buying support on declines against the rupee.
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