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ICICIdirect.com's report on currencyForex (US$/INR)The rupee fell to over a one-week low as importers stepped up dollar purchases after Saudi Arabia and its allies launched an air assault
According to Angel Broking, Indian Rupee will likely depreciate today as markets will be cautious ahead of release of US GDP data in the evening session.
Rupee range for the day is seen between Rs 62.20-63.20/USD, says Pramit Brahmbhatt, Veracity.
At present, mixed global sentiments have dented the global equity market and has forced it to trade weak. Rupee range for the day is seen between 62.20-63.20/dollar, says Pramit Brahmbhatt
According to Angel Broking, Indian Rupee will likely depreciate today owing to month end dollar demand from importers. Also, weakness in Asian equities owing to geopolitical tensions in the Middle
ICICIdirect expect the US dollar to garner buying support on declines against the rupee. Utilise declines in the US$/INR March contract to buy for target of 62.64-62.80.
The Rupee is expected to trade in a range of Rs 62.20-62.50/USD today, says Mohan Shenoi, Kotak Mahindra Bank.
The rupee is expected to trade in a range of 62.20-62.50/dollar today, says
There are expectations the Fed will remain cautious on rate hikes, benefiting the rupee. The rupee had gained for seven straight sessions to Tuesday on large dollar inflows into equity and debt
ICICIdirect.com's report on currencyForex (US$/INR)The rupee rose to a more than two-week high vs. the US dollar, as the greenback remained relatively weak. This happened after the recent
According to Angel Broking, Indian Rupee will likely depreciate today owing to month end dollar demand from importers. Also, strength in the DX along with weakness in Asian equities will exert
After touching the 100 level, the US dollar has retraced back to about 97. Barclays Barclays' head of forex for Asia-Pacific Mitul Kotecha said in light of the Fed's dovish stance, it may continue
The currency market today is expected to take cues from the month-end demand from importers which could put some pressure on the rupee, says NS Venkatesh of IDBI Bank.
NS Venkatesh, IDBI Bank said, "The currency market today is expected to take cues from the month-end demand from importers which could put some pressure on the Rupee. The Rupee is expected to trade
According to Angel Broking, Indian Rupee is will likely trade sideways today as weakness in the DX will be supportive. However, dollar demand from exporters will likely pick up in last few days
ICICIdirect.com expect the US dollar to meet supply pressure on rallies against the rupee. Utilise rallies in the US$/INR March contract to sell for the target of 62.40-62.24.
The Indian rupee has opened higher at 62.20 a dollar on Tuesday against previous day's closing value of 62.27 a dollar.
Ashutosh Raina, HDFC Bank said, "The dovish comments from the Fed after the last week's FOMC meet resulted in dollar plunging from recent highs. The USD-INR pair has been consolidating in the Rs 62
The rupee should trade in the range of 62 to 64 levels per dollar in the near future, as FII limits in Government securities have been exhausted and equity market flows have been muted during
Forex dealers said besides higher opening in domestic equity market, a weakening dollar against other currencies overseas after the US Federal Reserve dampened expectations for an early interest rate
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