Ashok Gautam

Prime Minister Narendra Modi to inaugurate India's first bullion exchange at Gujarat's GIFT City on July 29.

See dollar index at 98; 62.82/$ critical for rupee: Axis Bk

The stronger than expected US economic data in the could have led the market to think the Federal Reserve would now start hiking rates sooner than later, which too could have spooked the currencies markets around the globe, feels Ashok Gautam of Axis Bank.

Expect rupee to open strong around 61.65/USD: Ashok Gautam

The dollar-rupee pair will continue to be sold on upticks in the near to medium term, says Ashok Gautam of Axis Bank.

Outlook for bonds remains bullish going forward: Gautam

The range for the 10-year yield is seen between 8.63 - 8.70 percent, says Ashok Gautam, Axis Bank.

Indian rupee opens at 62.39 per dollar, gains 17 paise

We expect a softening bias for the rupee with a range of 62.30-62.70/USD today. Good corporate hedging seen near the daily upper Bollinger at 62.78 - 62.88/USD range. This band is to be carefully tracked for any convincing breach which might see rupee beyond 63 levels, says Ashok Gautam of Axis Bank.

Expect softening bias for rupee: Ashok Gautam

We expect a softening bias for the rupee with a range of 62.30-62.70/USD today, says Ashok Gautam of Axis Bank.

Rupee may fall to 63/$ if it breaches 62.82: Axis Bank

The rupee today tumbled to a 9-week low of 62.66 against the greenback.

Indian rupee opens lower at 61.64 per dollar; down 10 paise

Strength in Indian equities will have a positive impact on the rupee. Dollar-rupee breached the support of 61.90/USD and could drive towards 60.90/USD support levels. The range is seen between 61.50-62.50/USD, says Ashok Gautam of Axis Bank

Rupee seen between 61.50-62.50/USD: Ashok Gautam

Strength in Indian equities will have a positive impact on the rupee, says Ashok Gautam, Axis Bank.

Rupee may test 63.50/dollar: Ashok Gautam

According to Ashok Gautam of Axis Bank, if the dollar-rupee fails to breach 62.55-60/dollar resistance levels it might move towards 61.75-80/dollar support levels.

Rupee to strengthen more, see resistance at 61.8/$: Axis Bk

According to Ashok Gautam, the Indian currency is on a strengthening spree. Going forward, with the support of measures taken by both the government and the Reserve Bank of India, the rupee can appreciate from its current levels though not past 60/USD, he adds.

India rupee breaches 63 mark; trade at 63.11/ USD

According to Ashok Gautam, Axis Bank, earlier than expected close of the RBI swap window could impact on dollar-rupee movement in medium term.

Rupee seen between 62.2-62.8/USD: Ashok Gautam

If currency markets sense oil related dollar outflows, rupee could come under medium term pressure, says Ashok Gautam, Axis Bank.

Indian rupee opens higher at 61.10 per dollar

Likely thaw in US debt ceiling stand-off is rupee positive. Additionally, latest RBI moves which have allowed banks to raise equivalent to 100% of Tier 1 capital from Institutional investors upto November 30 continue to help sentiment, says Ashok Gautam, Axis Bank.

Rupee seen between 60.50-61.30/USD range: Ashok Gautam

Latest RBI moves which have allowed banks to raise equivalent to 100 percent of Tier 1 capital from Institutional investors upto November 30 continue to help sentiment, says Ashok Gautam, Axis Bank.

Rupee in uncharted territory post 60/USD: Axis Bank

Ashok Gautam of Axis Bank says continuous dollar demand was the reason behind rupee's rise. Public sector banks were supplying dollars in the market upto the level of 59.58/USD, thereafter it dried up.

Indian rupee opens weak at 59.80 per dollar

The Indian rupee opened lower by 23 paise at 59.80 per dollar versus 59.57 Thursday. "The rupee is showing weakness due to capital outflows and weakness in other EM (emerging market) currencies, " says Ashok Gautam of Axis Bank.

Rupee seen between 59.25-60.25/USD: Ashok Gautam

The possible intervention by RBI and some likely big ticket inflows may check the fall in rupee, says Ashok Gautam, Axis Bank.

Will RBI credit policy reduce CRR by 25 bps?

The Reserve Bank of India (RBI) is unlikely to reduce the policy (repo) rate in its mid quarter monetary policy to be announced on June 17. The depreciating rupee would be the key trigger behind such action. The fear of imported inflation may resist the central bank from taking any dovish stance.

Here's how latest bank credit grew in May 17 fortnight

The non-food credit or the amount banks lend to individuals and companies rose at a slower pace by 14.30 percent year-on-year to around Rs 52.61 lakh crore for the fortnight ended May 31, 2013. During the fortnight, loans expanded by Rs 51,000 crore as against a de-growth of Rs 14,500 crore recorded between May 17 and 03.

Rupee woes: RBI will intervene at right time, says Axis Bk

Ashok Gautam, Senior Vice President & Head, Global Markets, Treasury, Axis Bank feels there is a lot of volatile at this point of time and at an appropriate level the RBI might step in.

Next week expect to see Rupee near 57.34-57.37: Axis Bank

Ashok Gautam, Axis Bank rules out speculative trading as the reason for the sudden slide in the rupee because of various measures taken by the Reserve Bank of India (RBI) over the last one and half year.

Rupee to remain weak; resistance seen at 56.20: Axis Bank

The rupee may resistance at 56.20/USD going ahead. Any fall in global commodity prices will aid rupee's movement, says Ashok Gautam of Axis Bank.

10-year yield seen between 7.15-7.24%: Ashok Gautam

GDP numbers later this month will be the key factor for the bond market, says Ashok Gautam, Axis Bank.

Rupee opens at 54.52 per dollar

The Indian rupee slipped further against the dollar. It has opened at 54.52 per dollar versus 54.48 yesterday. The euro slumped further to a six-week low versus the dollar by uncertainty ahead of Italy's election at the weekend.