Spot Dollar to Rupee
IT, pharma stocks under pressure as rupee breaches 61/USD
BSE Information Technology and Healthcare indices lost more than 2 percent while the rupee appreciated by 11 paise to 60.99 a dollar. This week, the domestic currency gained more than 100 paise.
RBI unwilling to let rupee appreciate much
The markets guess is it is Glaxo bringing in the money - Rs 6400 crore for its open offer almost amounting to a billion dollars and therefore the same kind of rally in the rupee today like the one
Indian rupee opens at 61 per dollar, up 11 paise
Pramit Brahmbhatt of Alpari India said the rupee was cheering the dip in current account deficit and steady FII inflows into Indian equity was helping the currency to consolidate further & trade
Global cues positive; will Nifty see record high today?
The Sensex touched a fresh life-time closing high of 21513 and the Nifty too surged above the 6400 mark. Adding to the drumrolls was the rupee that was at a three month high on positive current
Time to buy dollar; see rupee weak, sub 60/$: Mecklai
-term.Meanwhile, both the experts are wary about the formation of a stable government, a key concern that might push the dollar higher going ahead.Also Read: CAD improves, but rupee seen in 61-65/USD band, say
CAD improves, but rupee seen in 61-65/USD band: Analysts
Moneycontrol BureauIndia’s current account deficit (forex inflows minus outflows) has shrunk to a four-year low of 0.9 percent GDP for the December quarter, but analysts do not expect the rupee
Messages on USDINR »
400/500 at USD-INR of 40-45 in 2007-2008... I dont see why it should be any different at 55-60 if TechM continue to grow like shown in last several quarters - and in last two quarter constatly beat Top4 IT giants in growth rate in USD term.
7.58 PM Mar 7th
confluence of sentiments, flow of capital to beaten down sectors and USD-INR going below 61 - on all accounts today`s fall is an over reaction.
self proclaimed humble people are now trying to show off on hindsight- let it be... story is not over...
7.39 PM Mar 7th
Forutne ji new high ke bad to ab intzar karana hoga . . . Ab resistance to gayab hi ho gaya hai, institutional activity and usd/inr movement track karane ke bad hi kuch decide karunga. . . Saturday sunday enjoy. . .
4.13 PM Mar 7th
And pharma is more impacted by the USD-INR as they export mainly material - IT has to send personnel which creates much more USD cost than Pharma - so expense costs cuts will be more in IT sector - therefore if USD depreciates Pharma investors will move to IT as well.
3.09 PM Mar 7th
of course USD INR impacts the revenues but it cuts the expenses as well - so overall it has not such serious impact - such knee jerk reaction will be nullified soon.
When a stock can trade 400/500 at USD-INR of 40-45... I dont see why it should be different at 55-60.
2.39 PM Mar 7th
In 2008, Satyam was trading in range of 400-500 in 2007-2008... you know what was USD-INR guess guess guess... yes it was early 40s.... hmmmm...
2.28 PM Mar 7th
$ 60.95 near daily low, looking some more downside left in USD/INR. FII is buying, play bullish.
1.14 PM Mar 7th
FII`s profit is in making loss of Put buyers, Not short selling, so, don`t short nifty futures or Buy puts until downtrend get confirmed or USD/INR break 61.30 levels.
11.30 AM Mar 7th
Currency call: Sell USD/INR Mar around 61.25-29, SL @ 61.40, TGT @ 61.10/61.00.
11.14 AM Mar 7th
Nickel seller beware !!! Don`t fall pray to sell calls keeping in mind the USD/INR. After Indoneshia Russia is the second largest producer and exporter of Ni. So please keep watch on Obama-Putin bayaanbaaji.
10.47 AM Mar 7th
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