USDINR Futures: Buy October futures for these intraday targets; get strategy in EURINR, GBPINR futures too
USDINR October Futures are trading with a positive bias on Monday at 75.17, up 14 paise or 0.19 per cent from the last closing at 75.03 on Friday. Reaction on the rupee was muted after the release of the RBI Monetary Policy statement but at the same time strength in the dollar against its major crosses has kept the rupee weighed down, a Motilal Oswal report said
The dollar rose to the highest level in two and half years as the market expects that the Fed could announce it will start tapering its massive bond-buying next month, this report said. Source: