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Rupee is expected to trade weak due to uncertainty over election outcome and again the month-end dollar demand will help dollar to trade strong, says Pramit Brahmbhatt of Veracity India.
The dollar-rupee market has been consolidating in a very narrow range ahead of the outcome of elections, and holiday shortened week, says Ashutosh Raina of HDFC Bank.
The Indian rupee opened flat at 60.29 per dollar versus 60.37 Wednesday. The yen wallowed at one-week lows against the dollar, having eased broadly overnight as a rally in global stocks dented demand
Rupee has settled in a comfortable range on the prospect of a stable Government post elections, says Mohan Shenoi of Kotak Mahindra Bank.
Rupee is expected to trend mildly lower today amid rise in wholesale inflation which touched a 3-month high, says Himanshu Arora of Religare.
Rupee is expected to appreciate on the back of strong Asian and US equities, says Pramit Brahmbhatt of Veracity.
The Indian rupee opened higher by 13 paise at 59.98 per dollar versus 60.11 Monday.The dollar languished at three-week lows against a basket of major currencies, having broken decisively lower
Indian markets have been fairly resilient to the global factors with the dollar rupee pair breaching the psychological level of 60. Expect rupee to trade in a range of 59.50 - 60.50/USD, says
Indian rupee has opened lower by 19 paise at 60.35 a dollar on Friday as against previous day's closing value of 60.16 a dollar.
Dollar buying by importers has prevented further appreciation of rupee. Dollar-rupee is expected to consolidate at current levels and trade in a range of 59.60-60.10, says Mohan Shenoi of Kotak
Dollar is expected to strengthen after two days of weak closing as subdued data like the PMI from global markets, especially China may dent rupee's recent robust movement, says Himanshu Arora
According to Mohan Shenoi of Kotak Mahindra Bank, rupee is expected to trade in a range of 59.90-60.30/dollar and the range for the 10-year yield is seen between 8.76-8.81 percent
The dollar soared more than 1 percent against the yen and almost 1 percent versus the euro on Wednesday after new Federal Reserve Chair Janet Yellen said interest rates could start to rise six months
The rupee opened higher by 17 paise at 61.02 per dollar against the Friday's close of 61.19.
According to Pramit Brahmbhatt of Alpari India, rupee is expected to trade weak following Asian shares slipping to a 3-week low as tension over Ukraine ahead of a weekend referendum forced investors
The continued compression in current account deficit (CAD) coupled with a pick-up in capital flows has created a constructive balance of payment (BoP) environment for the rupee, says Rohini Malkani
The rupee's strong run is likely to continue buoyed by positive dollar inflows into both equity and bond market, says Pramit Brahmbhatt of Alpari India.
According to Agam Gupta of Standard Chartered, expect range for the rupee at 61.15-61.45/dollar for the day.
Pramit Brahmbhatt of Alpari India said the rupee was cheering the dip in current account deficit and steady FII inflows into Indian equity was helping the currency to consolidate further & trade
Ahead of ECB and BoE rate setting meetings later today and US payroll data tomorrow rupee is expected to trade in a range of 61.65-61.95/USD, says Mohan Shenoi of Kotak Mahindra Bank.
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