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Sushil Finance's report on rupeeThe dollar index three-month rally took a breather on Monday on nervousness over Beijing's response to democracy protests in Hong Kong and concerns it might hurt
The Indian rupee opened marginally lower at 61.60 per dollar on Tuesday as against previous day's closing of 61.53 a dollar.Also Read - Edelweiss expects RBI to keep policy rates unchangedThe dollar
Ashutosh Raina, HDFC Bank said, "The focus will be on RBI credit policy today. Globally, the dollar strength continues to be the theme with dollar index settling above the 85 level. Expect the USD
Expect the local government owned banks to be sellers of dollars on upticks towards 61.60/dollar and some importer hedging to come if there are dips towards 61.20/dollar, says Agam Gupta of Standard
Agam Gupta, Standard Chartered said, "Expect rupee to open at 61.35-61.40/USD as there has been another round of global Dollar strength overnight. Expect the local govt owned banks to be sellers
Stocks, rupee, and bonds are likely to be boosted after S&P raised India's outlook to "stable" from "negative." However, caution is expected ahead of RBI policy review on Tuesday.RBI is seen
Forex dealers attributed fall in the rupee value to continued dollar demand from importers, mainly oil refiners to meet their month-end needs as also weakness in local stocks.
Ruchir Sharma, Head Of Emerging Markets and Global Macro, Morgan Stanley Investment Management expects the rupee to depreciate to as low as Rs 70 against the dollar in the next 2-3 years.
The Indian rupee fell further in early trade Friday. The currency opened at 61.46 a dollar, down 12 paise compared to previous day's closing value of 61.34 a dollar.
It looks like the rupee is definitely headed for a weak start and then it will checkout how the equity markets and the other global markets pan out
Rupee is expected to trade between 60.80-61.80/USD range, says Pramit Brahmbhatt, Veracity.
as state-run banks bought dollars, possibly on behalf of exporters. Month-end importer demand also weighed on the rupee."
CARE Ratings believes that, any sharp strengthening of the rupee below Rs 60/ $ into the fifties will prompt purchase of dollars by the RBI to stabilize the rupee. Similarly, weakening beyond
The rupee is expected to trade in a range of 60.85-61.25/dollar today, says Mohan Shenoi of Kotak Mahindra Bank.
The correction in Sensex due to SC ruling on coal block allocation might result in marginal rupee weakness, says Mohan Shenoi, Kotak Mahindra Bank.
joins the rally with Japan's Nikkei up nearly a percent.In the currency space - the euro languishes near a 14-month trough after slipping below 1.27 to the dollar. Dollar index breaks above 85
From the intra-day perspective, expect Indian Rupee to trade on a negative note as a result of month end dollar demand from importers along with investors remaining cautious ahead of the RBI meeting
Ananth Narayan, head, Financial Markets, Standard Chartered Bank believes the base case for the rupee is stable now though the strength in dollar index is sill a concern. According to him, the dollar
USD-INR is expected to trade slightly higher today amid weakness in domestic equities and as banks cover their dollar positions, says Himanshu Arora of Religare.
Range for the USD-INR is seen between 60.78-61.20/dollar, says Himanshu Arora of Religare.
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