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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
The rupee is likely to trade in a range of 62.10-62.30/dollar, says NS Venkatesh of IDBI Bank.
Rupee is expected to trade rangebound to slightly weak taking cues from a strong dollar. Range for the rupee is seen between 61.80-62.80/dollar, says Pramit Brahmbhatt of Veracity.
Reduction in FII inflows coupled with profit booking in local equities may pressurize rupee to depreciate. However, gains in Asian equities may support the local unit. Range for the day is seen
According to Angel Broking , Indian Rupee is expect likely to trade sideways today as investors will keep an eye on developments in the Euro zone where discussions on Greece are going to continue
Rupee is also headed towards gradual depreciation. USD-INR is likely to trade today in a range of 62.20-62.50/dollar, says Mohan Shenoi of Kotak Mahindra Bank.
With the euro currency being in a freefall versus the US dollar (as also the rupee), thanks to the troubles of the European Union, CNBC-TV18s Kritika Saxena caught up with CP Gurnani, chief of Tech
The Indian rupee opened lower by 8 paise at 62.26 per dollar on Wednesday against previous day's closing value of 62.18 a dollar.The dollar hovered at one-month highs versus the yen
Reduction in FII inflows coupled with weakness in local equities may pressurize rupee to depreciate, says Pramit Brahmbhatt of Veracity.
RBI is expected to intervene to prevent steep appreciation of rupee. USD-INR is expected to trade in a range of 61.70-62/dollar today, says Mohan Shenoi of Kotak Mahindra Bank.
While foreign fund flows into India are likely to be robust, Don Hanna does not expect a significant appreciation in the rupee.
We expect the rupee to trade in a range of 61.20-62.20/dollar today, says Pramit Brahmbhatt of Veracity.
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