USDINR is Bullish - will it help IT - Infy & TCS ?
RBI has restricted retail people from trading in usdinr.
for long time RBI has restricted usdinr in the range of 82,75 to 83.30 for more than a year
Now this level is broken and usdinr is seen trading above 83.30 easily for long duration in spot.
This is positive for IT companies like Infy and TCS. May be because of this Infy seen taking good support for several days now. Need to see will IT companies support Nifty now.
for long time RBI has restricted usdinr in the range of 82,75 to 83.30 for more than a year
Now this level is broken and usdinr is seen trading above 83.30 easily for long duration in spot.
This is positive for IT companies like Infy and TCS. May be because of this Infy seen taking good support for several days now. Need to see will IT companies support Nifty now.