Go Ad-Free
    My Alerts
    Moneycontrol
    Moneycontrol PRO
    HomeNewsBusinessMarketsRupee likely to open weak: Arvind Narayanan

    Rupee likely to open weak: Arvind Narayanan

    US yields are expected to rise, which will make the rupee weak. June WPI is seen around 5.3 percent. The range for the rupee is seen between 59.70-59.60/USD, says Arvind Narayanan, DBS Bank.

    July 15, 2013 / 08:58 IST

    Arvind Narayanan of DBS Bank feels the rupee will likely to open weak today. Bernanke may give further assurance of reduction in bond buying program, which in turn will raise interest rates and hurt the rupee, he adds.


    "US yields are expected to rise, which will make the rupee weak.  June WPI is seen around 5.3 percent,"

    According to him, the range for the rupee is seen between 59.70-59.60/USD.

    first published: Jul 15, 2013 08:58 am

    Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

    Subscribe to Tech Newsletters

    • On Saturdays

      Find the best of Al News in one place, specially curated for you every weekend.

    • Daily-Weekdays

      Stay on top of the latest tech trends and biggest startup news.

    Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347