Indian rupee traded moderately positive against dollar in the wake of slumping US dollar index ($99.03). Now, sentiment seems to remained buoyed as market favored Emmanuel Macron, won the first round of the French presidential election. Apart from that, government’s untiring efforts in forming pro-growth policies also maintained bullish tendency among investors. Foreign fund continued to park in domestic economy with the expectation of more investment opportunity.
Technically, USDINR continued to trade in its prolonged trading band of Rs64.30-Rs64.85. Furthermore, decisive violation below range could extend its bearish path towards Rs 63.80, while rise above Rs 64.85 will be a crucial mark for trend reversal.
More will update soon!!
