Outlook & trading strategies for Silver, Nickel by Tradebulls Securities

Rupee's ride from 71.80 to 73.20 was ferocious as in just three trading sessions, it lost more than 1.5 per cent

The Indian rupee which was relatively immune to risk aversion from the novel coronavirus (Covid-19) in the first two weeks of February saw a sudden sell-off as fresh cases were reported in India. The ride from 71.80 to 73.20 was ferocious as in just three trading sessions, the Indian rupee lost more than 1.5 per cent. The Reserve Bank of India intervened near 73.90 to defend 74 levels in Futures but we still expect the rupee to remain weak until the virus is contained in India and globally. We might see some pullback in Rupee till 73.20-73 levels as the