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The rupee added to its gains againstthe US dollar, firming up by 14 paise to end at 68.20 -- thehighest level in more than a week -- on growing expectationsthat the Reserve Bank will lower its key
The Indian currency opened marginally higher by 6 paise at 68.28 as against Thursday's level of 68.34 per dollar at the Inter-bank Foreign Exchange (Forex) market.
The USD-INR is now expected to consolidate within the 68.20-68.50/dollar range, says Bhaskar Panda of HDFC Bank.
is now more or less stabilised after USD-INR pair touched a lifetime high of 68.86/dollar earlier. The pair is now expected to consolidate within the 68.20-68.50/USD range.""There is sharp reversal
The rupee has weakened more than 3 percent in recent weeks to record lows, pressured by a US dollar rally, capital outflows from emerging markets and worries Prime Minister Narendra Modi's currency
The rupee is expected to see further depreciation in the coming months against the US dollar, although the depreciation will not be too steep, says Manish Gunwani, Deputy CIO, ICICI Prudential Mutual
The Indian currency opened lower by 10 paise at 68.48 as against Wednesday's level of 68.38 per dollar at the Inter-bank Foreign Exchange (Forex) market.
US treasury yields go higher and dollar strength against global majors continues. We expect the USD-INR to trade in a range of 68.45-68.80/dollar for the day, says Mohan Shenoi of Kotak Mahindra Bank.
and dollar strength against global majors continues. We expect the USD-INR to trade in a range of 68.45-68.80/USD for the day.""We expect the 10-year benchmark bond yield to trade in a range of 6
The rupee continued its strongrecovery momentum for the second day, surging by 27 paise toend at 68.38 against the US currency today even as a powerfuldollar rally remained unabated globally.
Equity benchmarks continued to hold morning gains while the broader markets outperformed for the third consecutive session. The rupee appreciated by 15 paise to trade at 68.50 against the US dollar
NS Venkatesh, Lakshmi Vilas Bank said, "The expectation is that the market will take cues from the equity market as well as the dollar index movement. Hence, it is expected that the USD
It is expected that the USD-INR will trade in the range of 68.50-68.80/dollar, says
Frantic out-bound foreign capital on expectations of President-elect Donald Trump's higher spending policies and concerns over the recent demonetisation drive had dragged the rupee down to test fresh
Nomura India has a constructive view on the Indian rupee and expects it to outperform other emerging markets in the medium-term perspective, says Rates Strategist Vivek Rajpal. The rupee opened at 68
Expect the USD-INR to be under pressure and trade in the 68.50-69.50/dollar range in the near term, says Ashutosh Raina of HDFC Bank.
Ashutosh Raina, HDFC Bank said, "The rupee slide has been halted by aggressive RBI selling. Expect the USD-INR to be under pressure and trade in the 68.50-69.50/USD range in the near term
The rupee today closed down by 30paise at 68.76/77 per US dollar against previous close of68.46 per dollar.
The trading range for the USD-INR pair will be 68.20-68.80/dollar, says Pramit Brahmbhatt of Veracity.
Pramit Brahmbhatt, Veracity said, "Positive cues from global as well as domestic equity market will help the rupee to trade with a positive bias. The trading range for the USD-INR pair will be 68
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