Apr 27, 2012, 02.06 PM | Source: Moneycontrol.com
Karvy Stock Broking has come out with its report on currency. As per the research firm, rupee range for the day is seen between 552.35-52.70/USD.
, Karvy Stock Broking |
On the economic front, in the US, there are a lot of data releases, the major ones being the GDP Q/Q (annualized) and Personal Consumption. Both could come in slightly weaker for the greenback. From the Euro-zone, the Import Price Index is expected to come in marginally lower at 0.9%. Another major economic event would be the BOJ target rate, which is expected to remain unchanged at 0.10%.
Today, the rupee is expected to remain range-bound as it could be marginally stronger on positive global cues. However, month-end dollar demand may cap the upside for the currency. The likely price range for the day is seen as Rs/US$ 52.35-52.70.
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To read the full report click here