Rupee Open Today 1 July 2020: In early business US Dollar Compared to Indian Rupee Today, business is being recorded with very mild softness. On Wednesday (July 1, 2020), the rupee opened in early trade with a decrease of 1 paise. US Dollar Compared to Rupee 75.51 per dollar. The rupee had closed at the level of 75.50 per dollar against the US dollar in the previous session.
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Expert’s view on Rs.
According to Manoj Kumar Jain, Director (Commodity and Currency) of Prithvi Finmart Pvt Ltd In today’s session, support can be found at a lower level in the rupee. They say that the rupee can touch the support level of 75.50-75.35 once again on July futures. Currently, a strong resistance of 75.90 will remain in the rupee.
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According to Ajay Kedia, managing director of Kedia Advisory In today’s business, buying at the price of 75.60 for a target of 75.78-75.9 in rupees is beneficial. A stop loss of 75.48 can be placed for this deal.
According to Amit Sajeja, Assistant Vice President (Commodity and Currency) of Motilal Oswal In intraday, the target of 75.50 can be achieved by selling the rupee in July futures at the price of 75.85. For this deal you can put a stoploss of 76. In today’s business, the spot is expected to trade in the range of 75.8-75.4 in rupees.
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According to Angel Broking, deputy vice president (energy and currency) Anuj Gupta The target of 76 can be achieved by buying at intraday rupee futures at a price of 75.50. A stoploss of 75.20 can be applied for this contract of Rs.
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According to Viresh Hiremath, head research, Karvy Comtrade In today’s business, shopping at a price of 75.40 for a target of 75.60 in rupee is beneficial. For this contract of Rs, 75.30 stoploss can be applied.
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(Disclaimer: Investors must consult their financial advisor before investing. Taking the news of the news state as a basis, the profit and loss incurred on investing will have nothing to do with the news state. Investment decisions based on the investors own discretion Take)