Currency Futures: Know the daily, weekly outlook, trading strategy for USDINR futures, spot from experts
After appreciating in the past few sessions rupee came under some pressure against the USD primarily on the back of short covering. However, the near term situation for INR is likely to remain strong, Senior Technical Analyst Anuj Gupta said adding that the Indian Equity markets have been trading strongly helping the cause of the Indian rupee
RBI monetary policy announcements due on Friday will have a bearing on it. Market participants will be keeping an eye on the policy statement, Amit Sajeja, VP-Research, Commodity and Currency at Motilal Oswal said. Source: Reuters