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Snapping its 2-day losing streak, the rupee recovered by 9 paise at 64.04 against the US dollar on fresh selling of the greenback by banks and exporters on hopes of fresh foreign capital inflows
The Reserve Bank of India on Monday fixed the reference rate of rupee at 63.9623 against the US dollar and 70.1602 for the euro as against 64.0054 and 70.1627 respectively, on last Friday.
According to Angel Broking, Indian Rupee is expected likely to depreciate as markets remain cautious ahead of RBI rate decision due tomorrow.
The Indian rupee recovered in the early trade on Monday. It opened higher by 12 paise at 64.01 per dollar versus 64.13 Friday.
Agam Gupta of Standard Chartered said, "The USD-INR should open around 64-64.05/dollar levels as the US data released on Friday was weaker than expected. We expect a range of 63.90-64.20/dollar
The Reserve Bank on Friday fixed the reference rate of rupee at 64.0054 against the US dollar and 70.1627 for the euro as against 64.0061 and 70.0739 respectively, yesterday.
The Indian rupee pared its initial losses to recover by 2 paise to 64.02 against the American unit in late morning deals on bouts of dollar selling by banks and exporters amid rally in domestic
Angel Broking's report on rupeeEuro/INREuros weakened by 0.5 percent yesterday after the hawkish comment by the Federal Reserve Chairwoman and robust GDP data release from the US boosted the demand
ICICIdirect.com's report on currencyForex (US$/INR)The rupee weakened against the US dollar, tracking other Asian peers, as the Federal Reserve’s positive view on the world
For the day rupee is seen between 63.70-64.40/dollar, says Pramit Brahmbhatt of Veracity.
The range of rupee for the day is seen between 63.70-64.40/USD, says Pramit Brahmbhatt, Veracity.
The Reserve Bank of India on Thursday fixed the reference rate of rupee at 64.0061 against the US dollar and 70.0739 for the euro as against 63.8943 and 70.6288 respectively, yesterday.
According to Angel Broking, Indian Rupee is expected likely to depreciate as markets discount the Fed Chair Janet Yellens statement that the central bank could raise rates by September if the economy
ICICIdirect.com expect the US dollar to garner buying support on declines against the rupee. Utilise declines in the US$/INR August contract to buy for target of 64.27-64.42.
With Reserve Bank Of India (RBI) presence on both sides of the market, USD-INR is expected to trade today in a range of 63.85-64.15/dollar, says Mohan Shenoi of Kotak Mahindra Bank.
Bond market sentiment is mildly positive on the back of lower crude oil prices, stable rupee and near normal monsoon, says Mohan Shenoi, Kotak Mahindra Bank.
Japanese brokerage Nomura has painted a rosy picture for the rupee in the medium-term gaining from the current levels to around 63.20 by late 2016, despite the dollar is seen continuing its upward
According to an RBI statement, the exchange rates for the pound and the yen against the rupee were quoted at 99.7134 and 51.75 per 100 yen, respectively, based on reference rates for the dollar
ICICIdirect.com expects the US dollar to garner buying support on declines against the rupee. One can utilise declines in the US$/INR August contract to buy for target of 64.18-64.34, says
The rupee resumed higher at 63.87 per dollar as against yesterday's closing level of 63.91 at the Interbank Foreign Exchange (Forex) market, later it appreciated further to 63.85 before quoting at 63
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