Rupee inches from 3-Week Highs- Intraday Trading Tips

Indian Rupee, Equity Tips, Best Stock Tips, Stock Tips, Market Live Update, Intraday Trading TipsThe Indian rupee eased higher at the start against the US dollar on Friday, 24 Nov 2017 but erased gains afterward, as the dollar gained traction among importers. Meantime, an upward surge in domestic equities prevented the rupee from going further down.
The rupee opened at Rs 64.56 versus the US dollar but soon slipped to a low of 64.7475 so far during the day. ON Thursday, the rupee had staged a rebound and ended at a fresh 3-week high of 64.58, jumping 34 paise, after US Federal minutes indicated a low rate hike path.
So far this year, the domestic currency has gained 5.2 percent, while FPIs have bought 8.13 billion dollars in the equity market and 22.70 billion dollars in debt, market each.
Standard and Poor (S&P) Global Ratings review of India’s sovereign rating is anticipated today. The govt is bracing for both a positive & a negative result of the assessment, as per reports.

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