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The rupee rose to fresh three-week highs on Friday afternoon, helped by sharp losses in the dollar versus majors and tracking gains in local shares, which raised hopes for more foreign fund inflows.
India gold traders continued to book deals with the rupee at its highest level in three weeks making the dollar-denominated yellow metal cheaper, while they bet on the precious metal to take
The rupee is expected to extend gains to fresh three-week highs on Friday, boosted by broad losses in the dollar versus major units and tracking mild gains in Asian shares which could support
The Indian rupee opened at 44.88 per dollar versus 44.96 yesterday.
Dollar's weakness and increasing demand for crude are positive cues for the rupee. Stable stock market also supports the currency. The range for the day is seen between 44.80-45.20/$, says
The rupee strengthened to its highest level in nearly three weeks on Thursday, as gains in local shares raised hopes for sustained capital inflows, while a broadly weak dollar also cheered sentiment.
The Indian rupee opened at 44.95 per dollar versus 45.05 yesterday.
The rupee is expected to strengthen today as the dollar gave up its overnight gains. The recovery in the equity markets is also likely to support the currency. The range for the day is seen between
The Indian rupee opened at 45.13 per dollar versus 45.09 yesterday.
In an interview with CNBC-TV18, Chin Loo, spoke on where the the dollar, the dollar index, the euro-dollar, and the dollar-emerging market currencies are headed in 2011.
The rupee rose on Tuesday, buoyed by broad losses in the dollar versus major currenices, but demand for the US unit from oil firms scrambling to meet month-end import commitments quickly pulled
The rupee is seen opening stronger on Tuesday boosted by sharp losses in the dollar versus major currencies overseas with mild gains in other regional share markets also aiding sentiment.
Karvy Forex Research has come out with a research report on currencies. The research firm says, lower dollar index is expected to send rupee appreciating.
The Indian rupee opened at 45.14 per dollar versus 45.24 yesterday.
Despite overnight cues from global markets and dollar depreciation across the board, the rupee might find it difficult to touch 45/$ ahead of the month-end dollar demand and higher commodity
The Indian rupee opened at 45.08 per dollar versus 45.12 Friday.
Rupee reverses fall; share gains, dlr rise boost
India rupee opened at 45.13-45.14 per US dollar as against previous close of 45.16 per dollar on Thursday.
The rupee snapped a two-day winning streak on Thursday as large dollar demand from a big company, custodian banks and importers along with a weak domestic stock market weighed.
The rupee is expected to open nearly steady on Thursday, mirroring stable Nifty India stock futures, but may rise later in the day driven by anticipated dollar inflows.
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