Nifty Reclaims 8800, Sensex Firm In Opening On Asian Cues

Asian markets were trading higher, with the Japan's Nikkei rising more than 2 percent and China's Shanghai up 0.4 percent.
Ashutosh Raina of HDFC Bank says the rally in USD-INR pair continues on the back of global risk-on sentiment, even though dollar index has moved higher to 100.65 from recent lows.
He expects the pair to trade in the 66.60-67/dollar range for today. Dollar gained after comments from US President Donald Trump that he would make a major announcement on a "phenomenal" tax plan in the next few weeks.


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