Experts suggest that investors should use dips to buy into Gold and Silver as the rally could well extend towards Rs 38,800 with respect to Yellow metal, and about Rs 46,500 on Silver.
IT companies receive more than 50 percent of total revenue from US. The Nifty IT index was a top gainer and rose more than 35 percent last year.
Pramit Brahmbhatt of Veracity said trading range for the spot USD-INR pair will be 63.80-64.20 per dollar.
We expect the USD-INR to consolidate around current levels, although the appreciating bias could continue, with RBI expected to limit volatility, says Ashutosh Raina of HDFC Bank.
We expect the pair to trade in a 66.70-67 dollar range today, says Ashutosh Raina of HDFC Bank.
The USD-INR pair is expected to trade within a range of 66.60-66.80/dollar, says Bhaskar Panda of HDFC Bank.
We expect the USD-INR to trade in the 66.60-67/dollar range for today, says Ashutosh Raina of HDFC Bank.
The USD-INR pair is expected to trade in a range of 67.30-67.60/dollar today, says NS Venkatesh of Lakshmi Vilas Bank.
Fourth-quarter results, even with the dollar's drag, are mostly beating Wall Street's expectations and helping provide a buffer to some of the uncertainties facing investors, including the new US president's policies. The S&P 500 ended with a slight gain for the week.
The USD-INR pair is expected to trade in a range of 67.30-67.60/dollar for the day, says Mohan Shenoi of Kotak Mahindra Bank.
CNBC-TV18's Anuj Singhal is assessing the trade set-up or the market set-up for today on the occasion of the Budget 2017.
The dollar index, which tracks the greenback against a currency basket, was at 100.29 versus levels above 100.5 seen late last week after the Dow Jones industrial average rose above 20,000.
We expect the USD-INR to trade in a range of 68.05-68.25/dollar today, says Bhaskar Panda of HDFC Bank.
The Indian rupee opened higher by 12 paise at 68.08 per dollar on Tuesday against 68.20 per dollar on Monday.
Experts fear that a combination of Trump‘s policies and a falling Chinese yuan could send the rupee down by as much as 3 percent.
We expect the rupee to trade with a negative bias, in a range of 68-68.50/dollar for the day, says Pramit Brahmbhatt of Veracity.
According to Mohan Shenoi of Kotak Mahindra Bank, "Rupee to trade today in a range of 68.10-68.40/dollar."
The dollar index collapsed to its lowest level in a month after President elect Donald Trump described dollar as too strong. The dollar fell 1.3 percent Tuesday against a basket of major peers to its lowest level since December 7. There may be near-term weakness in the dollar index, said Khoon Goh, Head-Asia Research at ANZ Research.
Strong domestic flows are helping to hold up the market but Budget could be the next big trigger, says Vikas Khemani, President and CEO at Edelweiss Securities in an interview to CNBC-TV18.
We expect the USD-INR to trade in a range of 68-68.30/dollar for the day, says Mohan Shenoi of Kotak Mahindra Bank.
Dollar Index has been taking a beating after recent highs. Given this background, the USD-INR pair is expected to trade within a range of 67.90-68.20/dollar today, says Bhaskar Panda of HDFC Bank.
Claudio Piron of BofAML continues to remain bullish on the dollar. Despite Donald Trump not wanting a stronger dollar, ultimately, a stronger dollar will prevail despite the volatility.
The rupee is likely to take cues from the equity market movement and is expected to trade in the range of 68.20-68.55/dollar today, says NS Venkatesh of Lakshmi Vilas Bank.
The USD-INR is expected to range trade within 67.90-68.20/dollar today, says Bhaskar Panda of HDFC Bank.