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Karvy Stock Broking has come out with its report on currency. The research firm expects the rupee to remain weak against the dollar; recommend buying at the lower levels.
Dealers attributed the rupee's fall to dollar gains against the euro and yen overseas but a higher opening in the domestic stock market capped the fall.
The Indian rupee opened at 54.85 per dollar versus 54.77 yesterday.The rupee is likely to continue its positive streak today supported by hopes of a further rate cut and good dollar inflows
The range for the day for rupee is seen between 54.60-55.10/USD. Rising trade gap is putting pressure on the current account deficit and that could cap the upside, says Pramit Brahmbhatt, Alpari.
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 dollar moved away from a fresh 4-1/2 year high against the yen hit in the previous session after disappointing US industrial data caused US Treasury prices to rise for the first time in a week.
Strong liquidity flows have changed sentiment for the better and could boost indices to unreasonable levels, feels Vibhav Kapoor of IL&FS. He sees the rupee depreciating near term, but more
The Indian rupee opened marginally higher on Thursday at 54.74 per dollar as against 54.78 on Wednesday. According to Mohan Shenoi, Kotak Mahindra Bank, for the day the rupee is seen between 54
The range for the day for rupee is seen between 54.50-54.85/USD. Dollar strength against other major currencies will be a dampener, says Mohan Shenoi, Kotak Mahindra Bank.
The rupee ended marginally stronger on Wednesday as sharp gains in domestic shares offset the dollar's rise versus most major currencies, particularly the euro.
The rupee had lost eight paise to close at an over 1-month low of 54.81 against the dollar yesterday.
The Indian rupee opened marginally higher at 54.86 per dollar versus 54.81 yesterday. However, The dollar index firmed up above the 83 mark & the euro slipped below 1.30 levels.
The partially convertible rupee closed at 54.81/82 per dollar compared with 54.73/74 on Monday. The pair moved in a wide 54.53 to 54.83 range during the session.
Traders say mild demand from oil companies also helping the dollar but the pair should hold in a range of 54.70 to 54.90 until the WPI data due around noon.
ICICIdirect.com has come out with its report on currency. The research firm expects the US dollar to garner buying support on declines against the INR. One can buy USDINR May Future on decline.
The Indian rupee opened at 54.75 per dollar versus 54.74 yesterday. According to Jayesh Mehta, Bank of America, strong support for the rupee is seen at 55/USD and the rupee will remain in 54
Strong support for the rupee is seen at 55/USD. The range for the rupee is seen at 54.70-55/USD, says Jayesh Mehta, Bank of America.
Rupee may have hit a fresh over one-month low at 54.95 against the dollar, but according to Standard Chartered Bank higher FII inflows will postively impact rupee going forward.
The rupee had closed down by 55 paise at 54.80 to hit a month's low in Friday's trade due to fresh dollar demand from importers amid firm global cues.
Karvy Stock Broking has come out with its report on currency. The research firm expects the dollar-rupee pair to retest the support at 54.63 before extending its gains. One can buy on dips