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ICICIdirect.com has come out with its report on currency. According to the research firm, the US dollar is expected to garner buying support on declines against the INR. One can utilise declines
Taking cues from the strong equity market sentiment, we expect rupee to appreciate though the dollar demand from oil importers will keep rupee under pressure, says Pramit Brahmbhatt of Veracity.
Pramit Brahmbhatt, Veracity said, "Taking cues from the strong equity market sentiment, we expect rupee to appreciate though the dollar demand from oil importers will keep rupee under pressure
In the absence of any major triggers and with RBI absorbing FII inflows, the rupee is expected to trade in a narrow range of 60-60.25/dollar today, says Mohan Shenoi of Kotak Mahindra Bank.
Mohan Shenoi, Kotak Mahindra Bank said, "In the absence of any major triggers and with RBI absorbing FII inflows, the rupee is expected to trade in a narrow range of 60-60.25/USD today.""The new 10
From the IT pack, Wipro is expected to meet its dollar revenue guidance with a constant currency growth of 0.8 percent but wage hikes, rupee appreciation and visa costs are likely to dent margins.
Constant flow of FIIs and positive sentiments in the market has helped local equities to grow. Taking cues from positive equities rupee is expected to gain as Asian markets have already started
The range for the rupee is seen between 59.80-60.80/USD, says Pramit Brahmbhatt, Veracity.
The surge in the stock markets didn't help the rupee much but that was because dollar-demand from importers kept the domestic currency on a tight leash, and perceived RBI intervention was negligible.
The company's consolidated rupee revenue increased by 3.56 percent at Rs 610 crore versus Rs 589 crore and dollar revenue also rose to USD 102 million versus USD 95.8 million, Q-o-Q.
According to Emkay, USDINR prices can move in a range to higher for the day over positive dollar internationally and demand from oil importers.
Expect rupee to trade in the range of 60-60.5/dollar, says Ashutosh Raina of HDFC Bank.
prices also spiking up. Bond markets will continue to react and take cues from news flow. Expect rupee to trade in the range of 60-60.5/USD.""Expect 10-year benchmark yields to trade between 8
Pramit Brahmbhatt, Veracity Group CEO said, "Rupee continued to trade range bound to slightly weak but is expected to gain in coming days taking cues from the positive equity market. On closing
Rupee revenue may rise 0.9 percent quarter-on-quarter to Rs 594.5 crore and dollar revenue may jump 3.9 percent to USD 99.5 million as against decline of 4.3 percent in previous quarter.
in rupee dollar.
Paul Mackel, managing director - head of Asian currency research, HSBC says 60 per dollar is the fair value of rupee currently. He is constructive on the rupee. He expects dollar-rupee to remain
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