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The USD-INR pair continues to trade the 66-67/dollar range with good portfolio flows continuing, says Ashutosh Raina of HDFC Bank.
Ashutosh Raina of HDFC Bank said, "A weakening USD, with dollar index touching 92.54 levels, fully retracing the rally since China FX move last year, have steadily boosted global stock markets
According to Angel Broking, Rupee is likely to tradesideways owing to weak trend in the Asian markets that will govern the trend of the Indian Rupee weakness in the DX will provide some support
ICICIdirect.com has expect the US dollar to meet supply pressure on rallies against the rupee.Utilise pullbacks in the US$/INR May contract to sell target of 66.71-66.52
Bansi Madhvani, India Ratings said, "The rupee is likely to extend consolidation over the coming week, with softness in dollar strength aiding the currency. US Jobs data will be eyed, as the Fed
We expect the USD-INR to be ranged between 66.05-66.85/dollar this week, says Bansi Madhvani of India Ratings.
The Indian rupee has started off last day of the week on a positive note, rising to 66.48 a dollar compared to 66.52 per dollar in previous session.
Weakness in the dollar can help the rupee to appreciate and test Rs 66.20/USD levels, says Pramit Brahmbhatt, Veracity.
About 85 percent of the IT service companies' revenues come from exports, especially the US and Europe. A strong dollar boosts their earnings in rupee terms.
The Indian rupee has opened at 66.39 per dollar up 0.13. Mohan Shenoi of Kotak Mahindra Bank expects the USD-INR pair to trade in a range of Rs 66.35-66.65/USD today.
The bond markets are rangebound as substantial liquidity infusion into money markets is yet to happen, says Mohan Shenoi, Kotak Mahindra Bank.
HCL Tech has disappointed the street with its January-March quarter results. It posted Q3 net profit at Rs 1926 crore up 0.3 percent from last quarter. Rupee revenue climbed 3.4 percent at Rs 10698
HCL Tech is likely to report net profit at Rs 1963 crore, down 2.2 percent in January-March quarter from Rs 1920 crore in last quarter. According to a CNBC-TV18 poll, dollar revenue may slightly rise
The dollar holds near a 3-week high against the yen on expectations of further Bank of Japan easing this week.
Bansi Madhavani, India Ratings said, "Outcome of key central bank meetings, both BoJ and Fed, is expected to keep the balance of risk in favour of EM currencies. With Dollar continuing to note
ICICIdirect.com has expect the US dollar to garne buying support on decline against the rupee.Utilise declines in the US$/INR April contract to Buy target of 66.80-66.90
The Indian rupee has opened marginally lower at 66.72 a dollar on Tuesday compared to 66.61 a dollar in previous session.
The bonds are stuck in a range with the 10-year benchmark yield hovering around 7.47% levels, says Ashutosh Raina, HDFC Bank.
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