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The Indian rupee hit a new one-month low of Rs 63.15 against the dollar today. Although Neeraj Gambir of Nomura believes the RBI will continue to buy dollars to stem the rupee fall, he
ICICIdirect.com's report on currencyForex (US$/INR)The rupee weakened to its one month low against the U.S. dollar as local stocks fell amid uncertainty over domestic taxation policies
According to Angel Broking, Indian Rupee is likely to depreciate today as market sentiments remain risk averse, with Greece concerns at the forefront.
The effect of removing excess rupees from the system as the RBI sterilises the inflationary effect of money supply has further driven up rupee interest rates above dollar rates. This means banks
Some more weakness in the rupee cannot be ruled out today, says Ashutosh Raina of HDFC Bank.
Ashutosh Raina, HDFC Bank said, "The poor trade deficit numbers coupled with some FII outflows sent the USD-INR pair towards the higher end of the recent trading range and almost touched 63/dollar
At the Interbank Foreign Exchange (Forex) market, the domestic currency commenced weak at 62.54 a dollar from last close of 62.36, but initially tried to recover to a high of 62.47.
The rupee slumped to its weakest in over a month after a spurt in dollar outflows triggered by the greenback's strength globally as well as weaker shares, traders said.At 2:33 p.m., the rupee
According to Swastika Investmart, Indian Rupee may trade on a neutral to negative note against the dollar taking cues from positive consumer sentiment data from US and weakness in the global markets
ICICIdirect.com expects the US dollar to garner buying support on declines against the rupee. Utilise declines in the US$/INR April contract to buy for target of 62.58-62.74.
According Angel Broking, Indian Rupee is likely to depreciate today as market sentiments remain weak, thereby leading to risk off mode.
Expect local government banks to be buyers in the 62.30-62.35/dollar area and exporters to sell on upticks above 62.50/dollar, says Agam Gupta of Standard Chartered.
Expect local government banks to be buyers in the Rs 62.30-62.35/USD area and exporters to sell on upticks above Rs 62.50/USD, says Agam Gupta, Standard Chartered.
ICICIdirect.com expects the US dollar to garner buying support on declines against the rupee. Utilise declines in the US$/INR April contract to buy for target of 62.51-62.68, says the report.
Any upside movement in the dollar will keep rupee under pressure, says Pramit Brahmbhatt of Veracity.
Pramit Brahmbhatt, Veracity said, "Any upside movement in the Dollar will keep Rupee under pressure. Concerns raised over global slowdown may force local equities to open weak as Asian markets have
According to Angel Broking, Indian Rupee is likely to sideways today as optimism in Asian equities will be supportive. However, Philly Fed manufacturing data could direct the course of DX during
The rupee edged higher by one paisa at 62.35 against the dollar in early trade today at the Interbank Foreign Exchange after the American currency weakened overseas amid a higher opening
Rupee has been in a tight range since April beginning and likely to remain so for some time. The USD-INR is expected to trade today in a range of 62.15-62.45/dollar, says Mohan Shenoi of Kotak
Mohan Shenoi, Kotak Mahindra Bank said, "Weaker than expected US Industrial Production data has toned down the expectation of a Fed rate hike in June resulting in reversal of the Dollar rally. Dollar
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