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Oct 03, 2011, 12.46 PM | Source: Moneycontrol.com

Outlook on USD/INR: ICICIdirect.com

ICICIdirect.com has come out with its report on USD/INR

ICICIdirect.com has come out with its report on USD/INR

Forex (USD/INR): INR depreciates
• The Indian rupee weakened on Thursday and posted its biggest quarterly decline in three years, pummelled by the European debt crisis-triggered 
risk aversion. However, a further fall may be limited on signs that the region’s policymakers are on course to resolve Euro zone’s woes
• The INR ended at 48.97/98 per dollar, weakening by 0.45% over the previous day’s closing of 48.75/76 per dollar
• The dollar index against six major currencies was up by 1.13% to 78.80 at the time of the local market’s close
• On September 30, 2011, FIIs sold (net) Indian shares worth Rs  459.47 crore. For the current month to date, FIIs sold Rs  30.88 billion while for the
year FIIs sold Rs 195.34 billion

Non-Institutions holding more than 90% in Indian cos

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To read the full report click here

READ MORE ON  ICICIdirect.com, USD/INR, Forex


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