Published on Thu, Apr 12, 2007 at 08:54 | Source : Moneycontrol.com
Updated at Thu, Apr 12, 2007 at 08:55
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Rupee likely to weaken marginally today
Today rupee is likely to weaken marginally on importer dollar demand. Banks are unlikely to go short on dollars fearing the Reserve Bank of India may curb rupee's appreciation above Rs 42.75-42.80 per dollar.
Today rupee is likely to weaken marginally on importer dollar demand. Banks are unlikely to go short on dollars fearing the Reserve Bank of India may curb rupee's appreciation above Rs 42.75-42.80 per dollar.
However, exporter dollar supplies at lower rupee levels is likely to cushion the fall.
It's likely to range between Rs 42.78-43 per dollar.
