Mar 29, 2012, 10.41 AM | Source: Reuters
The rupee fell early on Thursday as weak economic data from the United States and China added to the clouded outlook for capital inflows caused by proposed changes in Indian tax laws.
Foreign brokerages are complaining the recent provisions to tax indirect investments and combat tax evasion, saying they are couched in ambiguous language and could also be used to target overseas market investors, risking a sell-off in markets.
The rupee was at 51.05-06 to the dollar, weaker than Wednesday's close of 50.7750-7850, with payments for oil imports also weighing.
IFC raises Rs 180 cr via rupee-denominated Maharaja bonds
The money will be invested in the country's infras
Rupee down 20 paise; opens at 68.14 per dollar
The USD-INR pair should continue to trade in a 67.
RBI sets rupee reference rate at 67.81 against US dollar
According to an RBI statement, the exchange rates
Rupee declines 21 paise; opens at 67.85 per dollar
On back of this we will see selling in dollar thus
Expect selling in dollar by strengthening rupee: Brahmbhatt
The range for the day will be seen between Rs 67.5
Rupee has resistance at 68.05/68.30: ICICIdirect
ICICIdirect.com has come out with its report on cu