|
Jun 22, 2012, 07.00 PM IST
Rupee would see new lows if global risk aversion continues. The Indian unit hit an all-time low of 57.32 versus the dollar on Friday, its second successive session of losses.
Any RBI intervention would be key; as would any potential measures after news the central bank had discussed with state-run oil firms about steering 50% of their dollar purchases via a single state-run bank to smoothen volatility in rupee. Fall in rupee: An opportunity for investors? Finance Minister Pranab Mukherjee is set to step down on June 26 at a time when slowing policy reforms has been cited as a key reason for the rupee's drop. Bond markets will closely track any movement in global crude oil prices: a further fall may help cool yields more by easing concerns about inflationary pressures. RBI is scheduled to sell Rs 150 billion of debt next week and traders will await any open market operation by the central bank to help ease liquidity. Derivatives expiry on June 28 should keep trading volatile, traders say. Also read: Nirmal Jain says it is good time to buy; bets on 3 sectors
|
 From DJ EU Officials Spain Aid Cap Of 100 Bn Euros 'should Be Enough'  The latest earning numbers FIRST on CNBC-TV18
News Videos
|
