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Besides, fresh fall in equity market affected the value of the rupee against the US dollar. The domestic currency resumed lower at 66.25 against last Friday's closing level of 66.14 at the Interbank
Dips below 66/dollar will continue to attract demand from importers and any spike to the 66.30-66.40/dollar zone should lead to hedging by exporters, says Agam Gupta of StandChart Bank.
Dips below Rs 66/USD will continue to attract demand from importers and any spike to the Rs 66.30-66.40/USD zone should lead to hedging by exporters, says Agam Gupta, StandChart Bank.
Sharp sell-off in domestic equity markets and robust dollar against major world currencies predominantly impacted the rupee sentiment, a forex dealer said. Heavy capital outflows against the backdrop
According to an RBI statement, the exchange rates for the pound and the yen against the rupee were quoted at 101.9230 and 54.54 per 100 yen, respectively, based on reference rates for the dollar
According to Angel Broking, Indian Rupee is likely to trade sideways owing to strength in the US Dollar Index which in turn will keep the IndianRupee pressurized. However, any major weakness
ICICIdirect.com expect US dollar to meet supply pressure on rallies against the rupee. Utilise pullbacks in the US$/INR September contract to sell for target of 66.48-66.30, says the report.
Rupee is expected to trade strong, supported by local equities. We see the range for the rupee between 65.60-66.60/dollar, says Pramit Brahmbhatt of Veracity.
We see the range for the rupee between Rs 65.60-66.60/USD, says Pramit Brahmbhatt, Veracity.
The US dollar firmed up to a four-day high against the other major currencies ahead of US second-quarter GDP data release later in the day, but movements were capped after New York Fed President
According to an RBI statement, the exchange rates for the pound and the yen against the rupee were quoted at 103.8794 and 55.28 per 100 yen, respectively, based on reference rates for the dollar
The USD-INR pair is expected to trade today in a range of 65.80-66.20/dollar, says Mohan Shenoi of Kotak Mahindra Bank.
tracking rupee and the stock market. The undertone in the bond market today is expected to be bullish. The 10-year benchmark yield is expected to trade today in a range of 7.76-7.80 percent."
"The volatility of (Rupee against US Dollar) that we see in the market is not good for any industry or country. So on behalf of Nasscom, we urge the government to track the global developments
ICICIdirect.com expect US dollar to meet supply pressure on rallies against the rupee. Utilise pullbacks in the US$/INR August contract to sell for target of 66.33-66.15, says the report.
According to Angel Broking, Indian Rupee is likely to trade sideways to negative as move by the Chinese regulators of cutting their interest rateswill boost the demand for the greenback and keep
We expect the USD-INR pair to trade in the 65.50-66.50/dollar range in the short term, says Ashutosh Raina of HDFC Bank.
Some smooth action by the RBI to support the currency and limit the volatility helped the USD-INR pair to close near Rs 66/USD figure, says Ashutosh Raina, HDFC Bank.
A smart rebound in local equities and smooth supply of dollars on fresh capital inflows into equities and debts predominantly weighed on trading sentiments, forex dealers said.
Following are the Interbank Forex and RBI rates: (In Rs Per Unit) Unit Interbank RBI Reference US Dollar 66.65/66 US Dollar Rs. 66.5093 Pound Sterling 104.78/80 Euro Rs. 76.2729 Euro 76
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