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Rupee is expected to be rangebound in the medium term, but in the short term it may break 56 level if dollar strength continues.
in relation to the Indian rupee," he said in an interview to CNBC-TV18.Also read: Mkt could move in volatile sideways trading range: CLSABelow is the verbatim transcript of his interview on CNBC-TV18Q: The big
Rupee is likely to depreciate to 56/USD going ahead depending on the global cues, dollar demand and the capital flows in the country.
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 the lows
Dealers attributed the rupee's fall to dollar gains against other currencies overseas but a higher opening of the domestic equity market, capped rupee's losses to some extent.
The Indian rupee opened flat at 55.61 per dollar versus Thursday's close of 55.59. Profit-booking at higher levels may also weigh on the dollar versus the rupee. The range for the rupee is seen
there has been a dilution in dollar bullish momentum externally, it should give a bit of a relief to rupee, he adds.On Thursday the rupee went all the way to an eight-month low of 56.01 after which
Profit-booking at higher levels may also weigh on the dollar versus the rupee. Better than expected US economic data could add to the pressure, says Himanshu Arora, Religare.
The Indian market was rattled on Thursday as globally things started falling, Japanese market was down, rupee's movement also impacted the sentiment and in the West, stocks fell off 10-12 percent
IIFL's Disha Bhatt expects the rupee to head towards 60 per dollar by December-end. She cites rollback of stimulus or bond buying by the US Federal Reserve and rise in dollar demand by oil importers
The fall came riding on sustained dollar demand after the US Federal Reserve hinted at scaling down the monetary stimulus programme.
The Indian rupee slipped below the key psychological mark of 56 to the dollar on Thursday on the back of strength seen in US dollar. In an interview to CNBC-TV18 Nick Verdi of Barclays Capital said
The rupee fell to its lowest in over 8-1/2 months on Thursday, heading for a fifth consecutive session of falls, as the dollar rallied at the prospect the Federal Reserve might scale back its
The rupee fell below the key psychological level of 56 to the dollar on Thursday, its lowest level in over 8-1/2 months, as the dollar rallied on worries about a potentially early end to US monetary
The Indian rupee fell to its lowest in over 8-1/2 months on Thursday, heading for a fifth consecutive session of falls. It breached 56 mark in the afternoon trade down over a percent.
Sharp fall in rate sensitives dragged the BSE Sensex 355 points lower. The Indian rupee hit 56 per dollar level for the first time since September 2012, which depreciated 2 percent this week and over
The rupee is at a new six-month low on global dollar strength after Bernanke testimony, says a dealer. The rupee is at 55.77/78 after falling to 55.86, last closed at 55.46/47.The USD/INR pair has a
The Indian rupee slipped further on Thursday hitting fresh six months low. The rupee opened at 55.84 per dollar versus 55.47 from its previous close.
The Indian rupee slipped further on Thursday hitting fresh six months low. The dollar gained against all major currencies after Bernanke's testimony indicated that the Fed may gradually taper off
Ashok Gautam, Axis Bank said, "The rupee may move up to 56/USD as the dollar continues to strengthen and this could result in some FIIs getting out of bonds. However, GDP numbers later this month