USDINR - Ways2Capital

USDINR trading range for the day is 68.72-69.48.

Rupee weakened to its weakest since November 30, 2016, as high oil prices stoked importers to step-up purchase of the greenback. 
The Reserve Bank of India (RBI) had intervened only mildly earlier in the day by selling dollars.

RBI’s MPC members raised concerns over rising household inflationary expectations which along with robust growth momentum could add to price pressure going forward.

SELL USDINR JUL 2018 @ 69.00 SL 69.15 TGT 68.75-68.60. NSE

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