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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
Rupee for the day is seen between 55.40-55.80/USD range. The dollar gained against all major currencies after Bernanke's testimony, says Mohan Shenoi, Kotak Mahindra Bank.
Mecklai graph of the day: Rupee depreciation continued as the strain in the currency is due to concerns over twin deficits and stronger dollar globally.
.Meanwhile, he expects the Reserve Bank of India to intervene and sell dollar if the rupee sees a level of 55.5-56 in order to stabilise the currency. Also read: Rupee slide to end soon, won't breach 56
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
The Indian rupee hits a fresh near 6-month low in openeing trades as it falls to 55.48 after opening at 55.335. Dealers say follow-on dollar buying is pushing the pair up after a late surge
The Indian rupee opened higher at 55.38 per dollar Wednesday. According to Pramit Brahmbhatt of Alpari, the range for the day is seen between 55.18-55.72/USD.
The range for rupee for the day is seen between 55.18-55.72/USD. Good dollar inflows to the Indian market by FIIs could provide some respite, says Pramit Brahmbhatt, Alpari.
Moses Harding of IndusInd Bank attributes this rupee low to general dollart strength and a weak macro scenario in India.
Indian rupee touched nearly a six-month low of 55.41 depreciating 30 paise on sustained dollar demand from importers and weakness in equity shares.