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USDINR likely to trade on positive note: Sushil Finance
Source: IRIS | 31 Oct, 2014, 09.56AM
Rating: NAN / 5 stars.
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''The Indian rupee hit a two-week low on Thursday, falling for a third consecutive session as the dollar got a boost after the U.S. Federal  Reserve struck a more hawkish tone than expected at its policy  meeting. The dollar climbed to its highest in more than three weeks against a  basket of currencies, after the Fed underscored the improving U.S. labour market, raising concerns it may raise interest rates earlier than expected,'' said Sushil Finance.

''USDINR is likely to trade on the positive note on the back of potential US rate hikes, although much could depend on continued government reforms,'' it added.

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