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The rupee is expected to rise on Thursday, after falling the past two days, on higher regional stockmarkets and gains in Asian currencies.
The dollar hovered near 16-week highs against the yen on Thursday while encouraging US economic data helped lifted Asian stocks, which are poised to post a near 70% rally for the year.
The Indian rupee opened at Rs 46.68 per dollar versus Rs 46.74 yesterday.
I expect rupee to appreciate on dollar weakness. However, month-end demand and rising food prices may weigh on the currency, says Ssharad D Pawaar, SPFX India.
The rupee continued to trade marginally weaker in afternoon session on Wednesday tracking choppy local shares and weighed by some month-end demand for dollars from refiners and importers.
The Indian rupee opened at Rs 46.76 per dollar versus Rs 46.65 yesterday.
The Indian rupee opened at Rs 46.66 per dollar versus Rs 46.65 Thursday.
The rupee is likely to strengthen on dollar weakness against major European currencies. The range for the day is seen between 46.40-46.75/$, says Manis Thanawala, Greenback Forex Services.
The Indian rupee opened at Rs 46.75 per dollar versus Rs 46.87 yesterday.
I expect the rupee to gain moderately on dollar weakness against major currencies, says Ssharad D Pawaar, SPFX India.
The Indian rupee opened at Rs 46.84 per dollar versus Rs 46.80 yesterday.
The rupee is likely to remain in a tight range today with a bias towards breaking 47.35/$ on sustained rally in the dollar, says N Subramaniam, Pinnacle Forex
The Indian rupee opened at Rs 46.85 per dollar versus Rs 46.84 yesterday.
The rupee is likely to witness mild pressure on subdued stock markets and dollar strength. The range for day is seen between 46.75-47/$, says Vikram Nanivadekar, Verity Analytics.
The Indian rupee opened at Rs 46.81 per dollar versus Rs 46.72 Friday.
The rupee is expected to trade within a tight range and may mirror the movement in domestic equity markets, says Subramaniam Sharma, Greenback Forex.
The US Fed's latest statement, while promising a continuation of zero rates, has indicated that quantitative easing that is printing more dollars will wind down. The dollar has surged to 14 month
The Indian rupee opened at Rs 46.93 per dollar versus Rs 46.88 yesterday.
Fund flows into emerging markets have declined after the Dubai crisis. The dollar may strengthen over the next few days. The range for the rupee is seen between 46.75-47.25/$ today, says
The Indian rupee opened at Rs 46.81 per dollar versus Rs 46.67 yesterday.
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