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to take a pause in the very near term but maintained its medium term outlook to be strong.While stating that the rupee (currently at about 62.2, after logging seven days of straight gains) may continue
The currency market today is expected to take cues from the month-end demand from importers which could put some pressure on the rupee, says NS Venkatesh of IDBI Bank.
The Indian rupee has opened flat at 62.68 per dollar on Wednesday against previous day's closing value of 62.70 a dollar.The dollar slips for a second straight day against major currencies, pressured
The rupee will take cues from the dollar strengthening against emerging market currency pairs and WPI inflation data coming today, says NS Venkatesh of IDBI Bank.
The Indian rupee opened flat at 62.49 per dollar on Friday against previous day's closing value of versus 62.50 a dollar.The US dollar fell about half a percent, pausing its recent rally. The euro
Mitul Kotecha does not expect the Indian currency to weaken significantly. He believes rupee is still the best performing emerging market currency.
Amid speculation that the Fed may hike interest rates from middle of this year, dollar has strengthened against euro and yen. However, the mood in emerging market, including India, remained skittish
The Indian rupee opened flat at 61.89 per dollar on Tuesday versus 61.87 Monday.The dollar edges higher against a basket of major currencies, touching an 11-year high despite soft economic data. Euro
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