Don’t have an account?
New to Moneycontrol - Sign up now
Its easy and FREE!
OR connect with
Co-Presenting Sponsor :
Associate Sponsors :
A Quick View
2005 was the year when the rupee reversed its three-year long appreciating trend, and started falling. In a poll of money market participants, 70% said that the Fed would raise rates by another 50
The rupee is likely to weaken against the US dollar today because of corporate dollar demand and due to the greenback's gains against the euro and yen.
The rupee has slipped as dollar rose against euro despite ECB rate hike. It has hit a low of Rs 46.12 per USD.
Head Asia Pacific Economics at UBS Jonathan Anderson says that they are expecting at least two more Fed rate hikes and Fed fund rates are likely to move up to 4.5%-4.75%.
According to Ashit Parekh Head Of Forex, Indusind Bank the rupee is facing a lot of pressure thanks to the strengthening dollar
Chief Economist-Asia Pacific at HSBC Arup Raha says that rising Fed rates and high oil prices are a major concern. While the rupee is expected to remain steady, dollar is structurally weak
With the Indian rupee touching Rs 46 to the dollar On November 8, speaking to Moneycontrol analysts said that IT companies will benefit from this depreciating rupee. They gave their stock picks
market. USD is still stronger against euro and yen. And if the global dollar demand keeps going up, then that will put pressure on the rupee.
Sanjeev Bajaj of Bank of America believes that the fall in the rupee is on account of dollar and euro strengh versus yen. He also adds that pressure from corporate and inter-bank market also hit
The rupee has hit a new one year low at 45.68 to the dollar. Ajay Mahajan of Yes Bank says that global factors and the euro-dollar trade are affecting the rupee today.
TV Mohandas Pai, CFO, Infosys, thinks that the depreciation in rupee is good for the company's margins and has made the environment more benign.
Rajesh Jain of Pranav Securities is in a position to milk the gains from rupee depreciation vis a vis dollar and the Euro.
local factors.Subramaniam Sharma, Greenback Forex Services: The rupee is expected to open slightly stronger today, due to weakening of dollar against the euro and pound. It could move up to Rs 43
%, will likely add to sentiment. The 10 year paper is expected to trade in a 4-5 bps range.Manis Thanawala, Greenback Forex Services: The rupee is expected to open strong today below Rs 43.50. With the euro also
In terms of valuations, IT analyst Harit Shah prefers the IT bigwigs. In the long term, the business prospects of these companies is pretty good, he says.
The rupee gained and closed at Rs 43.23 against its previous close of Rs 43.52 to the dollar. The rupee gained on the China Central Bank's announcement that Yaun will be no longer pegged
A Prasanna of ICICI Securities believes that India's strong growth picture is strengthening the rupee. The rupee can move to Rs 44-44.5 against the dollar by October end, he says.
The rupee weakened and closed today at Rs 43.54 against its previous close of Rs 43.48 to the dollar.
Bonds slipped while Rupee inched up. Rupee strengthened as dollar slipped further against the euro.
Indranil Pan of Kotak Mahindra Bank feels that the rupee will trade in a range of Rs 43.25 to Rs 43.85 against the dollar in the medium term.
Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.