Don’t have an account?
New to Moneycontrol - Sign up now
Its easy and FREE!
OR connect with
According to Angel Broking, Indian Rupee is likely expect to appreciate owing to weakness seen in the US Dollar Index.
The Indian rupee has opened flat at 63.55 per dollar on Monday and immediately inched up by 5 paise.
USD-INR is expected to trade lower today amid across the board weakness in the Dollar against major currencies, says Himanshu Arora, Religare.
week, the RBI data showed.Foreign currency assets, expressed in dollar terms, include the effect of appreciation and depreciation of non-US currencies such as euro, pound and yen held in the reserves
The Indian rupee opened with marginal gains of 5 paise at 63.68 per dollar on Friday versus 63.73 Thursday.
ICICIdirect.com's report on currencyForex (US$/INR)The rupee posted its first gain in five days against the dollar, as caution ahead of the Federal Reserve’s monetary policy decision hurt
According to Angel Broking, Indian Rupee is likely expect to trade sideways owing to weakness seen in the US Dollar Index. Also, negative momentum in the Asian markets will exert pressure
, broad based dollar strength versus the Group of Ten (G10) currencies as well as against emerging market (EM) currencies, the rupee is also no exception. However, with an indicated somewhat slower paths
The Reserve Bank of India (RBI) would like to gradually allow the rupee to depreciate, so any move towards 64.25/dollar will not be resisted. We expect the RBI to support the dollar, says Ashutosh
Ashutosh Khajuria of Federal Bank said, "We expect the rupee to hover between 64.25-64.50/dollar levels. The FOMC meet is largely neutral for the rupee." He further added, "The Reserve Bank
Besides, persistent rise in the equity market boosted the rupee value against the dollar. The rupee resumed higher at 64.18 as against yesterday's closing level of 64.26 at the Interbank Foreign
According to Indranil Sengupta, chief economist India at Bank of America Merrill Lynch, the Reserve Bank will try and defend rupee at 65/ dollar mark. He believes RBI will not want to give
Weakness in domestic equities may also keep INR under pressure. Range for the day is seen between 63.85-64.38/dollar, says Himanshu Arora of Religare.
Himanshu Arora of Religare said, "The rupee is expected to depreciate against the dollar today, amid expectations of interest rate hike that may happen sooner than later. This will prompt foreign
The rupee slipped by 10 paise to close at 21-month low of 64.26 on sustained dollar demand from banks and importers amid foreign capital outflows.
The rupee opened higher at 64.05 from its previous close of 64.16 at the Interbank Foreign Exchange (Forex) market on initial selling of dollars by banks and exporters.
From the intra-day perspective, Rupee is likely to depreciate today as lack of agreement between Greece and its international creditors along with the upcoming Federal Reserve meeting due tomorrow
Nizam Idris, Head-EM FX Strategy, Macquarie, says the rupee may not suffer on the back of a US Fed rate hike, an event he believes is more likely to occur in September than December.
ICICIDirect.com expects the US dollar to garner buying support on declines against the rupee. Utilise declines in the US$/INR June contract to buy for target of 64.25-64.42.
State-owned fuel retailers IOC, BPCL and HPCL revise petrol and diesel prices on 1 and 16 of every month based on average imported cost and rupee-dollar exchange rate in the previous fortnight.
Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.