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rule out bouts of rupee depreciation in case of a risk-off phase, particularly when the rupee doesnt have a valuation comfort when we look at the real effective exchange rate (REER).In case of euro/rupee
The undertone of monetary policy, political stability and Eurozones economic recovery might lead to further appreciation of both the British Pound and the euro vis--vis the Indian rupee.
The Reserve Bank of India today fixed the reference rate of the rupee at 64.5443 against the US dollar and 69.1915 for the euro.
The RBI, meanwhile, fixed the reference rate for the dollar at 64.3165 and for the euro at 68.6193.
The Indian rupee opened marginally higher at 64.80per dollar on Monday versus 64.85 Friday.Pramit Brahmbhatt of Veracity said, "Considering the US data, a technical bounce in the dollar from hereon
The Indian rupee opened higher in the early trade on Thursday. Rupee has gained 3 paise at 64.87 per dollar versus 64.90 Wednesday.Mohan Shenoi of Kotak Mahindra Bank said, "Macro data emanating from
Mohan Shenoi of Kotak Mahindra Bank said, "Macro data emanating from US continues to be robust keeping the dollar strength intact. The rupee is resilient on the back of FII flows into bonds
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