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Indian rupee touched nearly a six-month low of 55.41 depreciating 30 paise on sustained dollar demand from importers and weakness in equity shares.
Nothing to worry about? The current account deficit (CAD) is nowhere near our comfort zone (currently its around 5 percent of GDP, twice the 2.5 percent we could live with); the rupee is diving below
Rupee opens up 14 paise higher in early morning trade. Over its last close, it still was up by 5 paise in the late morning trade.
Karvy Stock Broking has come out with its report on currency. According to the research firm Indian rupee (USDINR) is expected to trade with a positive bias. One can buy at the lower levels
ICICIdirect.com has come out with its report on currency. According to the research firm, the US dollar is expected to garner buying support on declines against the INR. One can utilise the lows
The local currency had lost 23 paise to close at five-month low of 55.11 a dollar yesterday due to sustained dollar demand from oil importers.
The Indian rupee opened higher at 54.96 per dollar against 55.11 on Monday. According to Jayesh Mehta of Bank of America, the range for the day is seen between 54.90-55.10/USD.
The range for rupee is seen between 54.90-55.10/USD for the day. Strong participation in the debt auction will impact the rupee positively, says Jayesh Mehta, Bank of America.
Due to outflows from exchange-traded funds and as the dollar firmed, gold drifted lower for an eighth session out of nine on Tuesday
The Indian currency may touch the 56 level in medium-term on the back of strengthening dollar.
Gold futures have shed about 22 percent after hitting a peak of 32,464 rupees in November last year.
dollar to remain strong and press oil prices towards the lower end of their trading range.
The Indian rupee opened lower by 16 paise at 55.04 per dollar versus 54.88 on Friday. Agam Gupta of Standard Chartered Bank feels fundamental inflows are likely to continue, while selling pressure
Rupee for the day is seen between 54.90-55.25/USD range. Fundamental inflows are likely to continue, while selling pressure could emerge at 55.20/USD, says Agam Gupta, Standard Chartered Bank.
The rupee weakened on Friday on the back of a broad rally in the dollar versus major currencies, but gains in domestic shares limited a sharp sell-off.
Karvy Stock Broking has come out with its report on currency. The research firm expects the rupee to remain weak against the dollar; recommend buying at the lower levels.
Dealers attributed the rupee's fall to dollar gains against the euro and yen overseas but a higher opening in the domestic stock market capped the fall.
The Indian rupee opened at 54.85 per dollar versus 54.77 yesterday.The rupee is likely to continue its positive streak today supported by hopes of a further rate cut and good dollar inflows
The range for the day for rupee is seen between 54.60-55.10/USD. Rising trade gap is putting pressure on the current account deficit and that could cap the upside, says Pramit Brahmbhatt, Alpari.