In the last week, the price trend of USDINR spot was simply unclear as it traded mainly in a range-bound manner. However, it ended on a weak note. USDINR spot depreciated by 0.05 percent as markets were gearing up for the Brexit negotiations which started on 19th June’17. The negotiation did not make any head-turning situations which worked in favor of the Indian Rupee.
On the domestic front, Sensex and Nifty traded mostly in red after National Association of Software and Services Companies projected that the revenue growth for India’s software services industry was likely to grow slower due to technology changes and political uncertainty. Today, USDINR spot is likely to trade sideways.
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