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ICICIdirect.com expects the US dollar to meet resilience on rallies against the rupee. One can utilise pullbacks in the US$/INR January contract to sell for the target of 61.73-61.57
Earlier, the rupee resumed sharply higher at 61.45 per dollar as against yesterday close of 61.70 at the Interbank Foreign Exchange market. It strengthened further at 61.35 on persistent dollar
Forex dealers said besides selling of the American currency by exporters, continued overseas capital inflows and soaring domestic equity markets supported the rupee.
We expect the rupee to trade in a range of 61.20-62.20/dollar today, says Pramit Brahmbhatt, Veracity.
We expect the rupee to trade in a range of 61.20-62.20/dollar today, says Pramit Brahmbhatt of Veracity.
Traders said apart from continued selling of the American currency by exporters, a record opening in the domestic equity markets and sustained inflows of foreign funds supported the rupee.
USD-INR is expected to trade in a range of 61.40-61.75/dollar today, says Mohan Shenoi of Kotak Mahindra Bank.
Appreciating rupee and change in monetary policy stance of RBI is expected to keep bond markets bullish, says Mohan Shenoi, Kotak Mahindra Bank.
ICICIdirect.com expects the US dollar to garner buying support on declines against the rupee. One can utilise pullbacks in the US$/INR January contract to sell for the target of 61.92-61.75
Earlier, the rupee resumed slightly lower at 61.70 per dollar as against yesterday close of 61.69 at the Interbank Foreign Exchange market.
The rupee strengthened by 9 paise to 61.60 against the US dollar in early trade today, extending its rising streak for the fifth straight day at the Interbank Foreign Exchange on selling of the US
Strength in dollar may keep rupee under pressure. USD-INR is expected to trade in the range of 61.20-62.20 today, says Pramit Brahmbhatt of Veracity.
milestones & closed all time high for the day. Taking cues from positive equities, flows are expected to remain strong. Strength in dollar may keep Rupee under pressure. USD - INR is expected to trade
The rupee resumed lower at the 61.82 per dollar as against yesterday close of 61.71 at the Interbank Foreign Exchange market.
The Indian rupee opened lower by 11 paise at 61.82 per dollar on Tuesday against previous day's closing value of 61.71 a dollar.Ashutosh Raina of HDFC Bank said, "The earlier than expected rate
According to Angel Broking, Indian Rupee will trade higher today as the optimism by the RBI rate cut yesterday will continue to support the currency. Also, weakness in the DX along with renewed
Expect USD-INR to trade in range of 61.50- 61.90/dollar. In case the local government banks do not buy dollar in any significant amounts then we can test downside level of 61.50/dollar, says Agam
Government-owned banks will probably be aggressive buyers of Dollar at 61.60- 61.65/USD level while exporters will continue to sell into any upticks, says Agam Gupta, Standard Chartered.
The rupee is expected to gain and take cues from positive equities, says Pramit Brahmbhatt of Veracity.
We expect rupee to trade in a range of Rs 61.50-62.50/USD today, says Pramit Brahmbhatt, Veracity.
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