Currency Trading Today: Profit booking lending weakness in greenback; Sell USDINR futures for this target, Buy JPYINR, says this analyst
USDINR Futures: Indian Rupee traded lower against the greenback on Thursday. At the interbank foreign exchange market, rupee settled 10 paise lower to close at 77.60 against the US dollar
Dollar’s weakness will also be beneficial to Japanese Yen, Gupta said and investors looking for investments in currency futures may look to buy JPYINR futures. Source: Reuters