Forex Market News

USD-INR: Ways2Capital

The Indian Rupee appreciated by 0.15 percent in yesterday’s trading session on the back of weakness in dollar and rise in risk appetite in the domestic markets. Further, Investors fear that the disappointing data’s from US may prompt US Federal Reserve to be less aggressive this year in raising rates.
Benchmark stock index 50 shares Nifty Index rose by 0.69 percent to 8801.05. However, sharp gain was prevented as traders remained cautious ahead of Macroeconomic data and RBI monetary policy meet. FII’s net sold stocks worth Rs 403.52 crores yesterday as per provisional data from NSE. In Intraday Indian Rupee touched a high of 67.1550 and closed at 67.2150 against Dollar.
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