USD vs INR: Indian Rupee at 9-month low against US dollar - Expert decode the impact
Weakness in the Indian Rupee continued even on Monday as the INR traded at a 9-month low against the US Dollar (USD). The rupee remained under pressure following the weakness in the domestic indices, Motilal Oswal said in its report. The downward trend was triggered by the Reserve Bank of India Monetary Policy announcement, it further said
USDINR April Futures today ended at 75.20, up by 0.5 per cent. Buy on USDINR April Futures at 74.90. Stop loss at 74.40 while the target price between 75.50 and 76, Expert Anuj Gupta says