Rupee is expected to trade around 71.30 in the wake of Brent crude’s climb to near USD 65 a barrel, and losses in Asian currencies and equities.
The Indian rupee is trading lower at 71.25 per dollar versus Thursday’s close 71.16.
Rupee came under pressure in yesterday’s session and is expected to trade around 71.30 in the wake of Brent crude’s climb to near USD 65 a barrel, and losses in Asian currencies and equities, said Motilal Oswal.
BUY 900 SHARE OF PERSISTENT ABOVE 659.70 TGT 662.60 TGT2- 665. SL- 655.30
Earlier today, China reported a 1.7% on-year increase in consumer prices in January and a 0.1% rise in producer prices, both below expectations of economists polled by Reuters. Capital Economics said that falling factory prices are consistent with evidence of cooling domestic demand in China. Meanwhile, the US reported a 1.2% month-on-month decline in January retail sales, which is the biggest drop in more than nine years. Excluding automobiles, gasoline, building materials, and food services, retail sales dropped 1.7% last month, the biggest fall since September 2001.
OUR FINAL TGT 665 DONE IN PERSISTENT BUY CALL HOPE YOU BOOKED FULL PROFIT IN IT GIVEN BUY AT 662.60 ENJOY FULL PROFIT
High-level talks between US and Chinese officials are currently ongoing in Beijing to work out a trade deal before the March 1 deadline, it added.
Wealth Buildup Financial services is one of the Best SEBI Registered Stock Advisory Company and Best stock advisory company in India, We provide stock recommendations like Stock Market Tips, Stock Cash Intraday Tips, Intraday tips, stock cash tips, Future Intraday Tips, Call Option And Put Option Tips, Equity Premium Tips, Premium Stock Future Tips, HNI Tips, HNI Stock Tips, Nifty Stock Tips, Nifty Trading Tips, Positional Services, Equity Tips, Commodity Tips, Commodity Gold Tips, Mcx HNI Tips And Commodity HNI Tips. For More Information Kindly Call Us at +91-8818887337|9522992223 or Fill Our Free Trial Form Click Here