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The Indian rupee has opened lower by 6 paise at 66.25 per dollar today against previous day's closing of 66.19.
With RBI presence in the market, USD-INR is expected to trade today in a range of 66-66.40/dollar, says Mohan Shenoi of Kotak Mahindra Bank.
Ahead of auction tomorrow, the 10-year is expected to trade in a range of 7.73-7.77%, says Mohan Shenoi, Kotak Mahindra Bank.
According to Angel Broking, Indian Rupee is likely to depreciate as the markets will be cautious ahead of ADP Non-Farm Employment from US due today. This will keep the Indian Rupee pressurized
The rupee opened lower at 66.32 per dollar against yesterday's closing level of 66.22 at the Interbank Foreign Exchange (Forex) market. Later, bouts of dollar selling from exporters led the domestic
The rupee is expected to trade slightly weak today amid a slew of negative data releases from US to China, says Himanshu Arora of Religare.
On the flip side, robust Japanese manufacturing and falling unemployment rate in the Eurozone yesterday, may offer some support to the rupee, says Himanshu Arora, Religare.
ICICIdirect.com expect US dollar to garner buying support on declines against the rupee. Utilise declines in the US$/INR September contract to buy for target of 66.73-66.92, says the report.
The rupee opened higher at 66.38 per dollar against yesterday's closing level of 66.48 at the Interbank Foreign Exchange (Forex) market.
Expect the 66-67/dollar trading range to continue with support coming from the Central Bank, says Ashutosh Raina of HDFC Bank.
The 10-year bond yields are stuck in the 7.75-7.80 percent range. Some rate action is expected from RBI after the recent GDP data, says Ashutosh Raina, HDFC Bank.
Besides, fresh fall in equity market affected the value of the rupee against the US dollar. The domestic currency resumed lower at 66.25 against last Friday's closing level of 66.14 at the Interbank
Dips below 66/dollar will continue to attract demand from importers and any spike to the 66.30-66.40/dollar zone should lead to hedging by exporters, says Agam Gupta of StandChart Bank.
Dips below Rs 66/USD will continue to attract demand from importers and any spike to the Rs 66.30-66.40/USD zone should lead to hedging by exporters, says Agam Gupta, StandChart Bank.
Sharp sell-off in domestic equity markets and robust dollar against major world currencies predominantly impacted the rupee sentiment, a forex dealer said. Heavy capital outflows against the backdrop
According to an RBI statement, the exchange rates for the pound and the yen against the rupee were quoted at 101.9230 and 54.54 per 100 yen, respectively, based on reference rates for the dollar
According to Angel Broking, Indian Rupee is likely to trade sideways owing to strength in the US Dollar Index which in turn will keep the IndianRupee pressurized. However, any major weakness
ICICIdirect.com expect US dollar to meet supply pressure on rallies against the rupee. Utilise pullbacks in the US$/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.
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