Wednesday, 17 February 2016

Today Indian Rupee Update

Indian rupee hits 30-month low of 68.62 against dollar in early trade
Indian rupee fell against the dollar on sustained foreign fund outflows amid increased demand for the US currency from importers.
The Indian rupee weakened by 24 paise to trade at a 30-month low of 68.62 against the dollar in early trade on Wednesday on sustained foreign fund outflows amid increased demand for the US currency from importers.
Besides, dollar’s strength against some other currencies overseas also weighed on the rupee, dealers said.
The rupee had tumbled by 31 paise to close at a fresh 29-month low of 68.38 a dollar in Tuesday’s trade on renewed demand for US currency from banks and importers in view of strong foreign capital outflows.

Today’s Stock Recommendation 
Technical Overview: Stock recommendation for 17/2/2016 is Aiaeng. In today’s trading session it was up by 1.46%. Its long term trend is up. It has made a long green candle indicating further buying in daily chart. Its short term support level is 730. All the indicators are suggesting that one can go for long position in this stock above 745. The stock may test level of 760-780 in coming days.


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