American Economy give recovery indication, dollar Index boost due to this INR come under pressure. INR traded at 63 against 1 US $. Accoring to american employment index, Unemployment reduced in US. American Federal reserve start QE3 if the recovery in Economy will continue.
According to Forex expert Rupee will remain under pressure and it is difficult to predict INR level. If FII investment reduced in IndianMarket INR expected to fell. Due to this RBI should have to sell reserve US Dollar to support INR.
To Overcome inflation rate RBI is planning to increase interest rate
Nifty future trading calls
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