Chennai, July 15( IANS) The Indian rupee will trade between Rs79.50- Rs80.50 against the US bone
the coming week, an elderly functionary of LKP Securities said on Friday.
On Friday during the early trade, the Indian rupee gained seven paise to touch Rs79.92 for a bone
.
According to Jateen Trivedi, Vice President, and Research Analyst at LKP Securities, the rupee range can be seen between79.50-80.50 for the coming week.
” Rupee traded in a range between79.80 and79.98. As bone
indicator traded in a range, astronomically the trend for bone
is positive till the time it’s over$ 105. coming chain for bone
can be seen around$ 110, hence rupee can be seen weak. the trend continues towards80.50,” Trivedi said.
He said the Rs79.25 mark will act as resistance for rupee and break above Rs79.25 will spark short covering for rupee.
