As long the dollar strength continues the rupee will feel the heat a bit. But to counter it, the crude prices are lower.
Given the massive hammering seen in the Indian currency, Dhiraj Sachdev SVP & Fund Manager, Equities HSBC Global Asset Management, expects dollar linked sectors with low leveraged balance sheets like IT and pharma to benefit from this steep weakness seen in the rupee.
According to Sushil Finance, the Rupee is expected to appreciate today on the back of weakness in dollar index. Further, RBI measures to curb volatility in Indian Rupee by tightening liquidity, along with Indian Government steps to curb gold imports may support currency to gain strength.
According to Sushil Finance, the Rupee is expected to appreciate today on the back of weakness in dollar index. Further, RBI measures to curb volatility in Indian Rupee by tightening liquidity, along with Indian Government steps to curb gold imports may support currency to gain strength.
Sushil Finance has come out with its report on currencies. According to the research firm, RBI may issue government bonds which may act positive for Indian rupee.