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Saturday 16 March 2019

WEEKLY CURRENCY MARKET 11th - 15th Mar 2019

The rupee started the week with a positive note against the dollar at 70.00. On a weekly basis, the domestic currency (INR) logged 1.06 paise or 1.51% gains against the US dollar at 69.09. The rupee opened 15 paise higher at 70.00 and closed 26 paise higher at 69.89 against the dollar on account of some selling in American currency by banks and exporters along with fund inflows on Monday. On Tuesday, 

The rupee opened at 69.75 and closed 19 paise higher against the dollar at 69.70 on the back US dollar weakened as overall risk appetite improved amid a stabilized equity market. The rupee opened 3 paise lower at 69.74 on Wednesday and closed 18 paise higher against the dollar at 69.53 on today due to the selling of the American currency by exporters and positive opening in domestic equities supported the rupee. Besides, fresh foreign fund inflows also aided the uptrend. On Thursday, 

The rupee opened 14 paise lower at 69.67 and closed 18 paise higher against the dollar at 69.35 buoyed by strong foreign inflows into domestic equity markets. The rupee opened 2 paise higher at 69.33 on Friday and closed 26 paise higher against the dollar at 69.09 on today due to robust foreign inflows ahead of general elections.


Parag Patil is a technical analyst and trading system designer with stock excel programmer. I hope the articles and live chart of nse future and mcx on this Website will be as helpful and profitable to you . I try to update and post new articles tips everyday. My motto is to encourage the traders, so that they should able to understand the technique views behind the moment of stocks. I have deeply analyzed with many technical indicator with parameter and added to my amibroker afl. And even taken backtest report which is never being implemented. Any of the analyst expect me. Seeing all this you may understand that my views is more technical than commercial. If you are profited by my views I fill happy.

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