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INR (Indian Rupee)

Will USDINR breakout and depreciate INR further?China's central bank guided the yuan lower on Thursday FX_IDC:CNYUSD . China's first shock devaluation in August jolted the global financial markets and Indian currency "INR" was also affected by this sudden move. This second devaluation has come at such a crucial time, when money market was expecting strengthening in "INR" and start of appreciating trend. Can "INR" sustain the pressure or it will prevail further devaluation? Go long FX_IDC:USDINR Trade Trigger 67.2 Target 68.6 SLTP 66.7
Long
by GundyaBhau