Buy USDINR; target of : 82.85 : ICICI Direct

Currencies

ICICI Direct, Rupee future maturing on November 28 traded flat on Friday despite an uptick in domestic equity markets.

October 31, 2022 / 10:26 AM IST

Representational image: Shutterstock

Representational image: Shutterstock

ICICI Direct’s currency report on USDINR

Rupee future maturing on November 28 traded flat on Friday despite an uptick in domestic equity markets. Further, a drop in crude oil prices supported the rupee • The US dollar appreciated on Friday amid stronger than expected personal spending data from the US. Personal spending in the US increased 0.6% month-over-month in September 2022, the same as an upwardly revised 0.6% rise in August and beating market forecasts of a 0.4% rise.

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31102022 – currency

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