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The Indian rupee has opened at 61.79 per dollar, up 7 paise compared to previous day's closing value of 61.86 a dollar.
The Indian rupee has opened at 61.79 per dollar on Friday, up 7 paise compared to previous day's closing value of 61.86 a dollar.
Continuation of FII inflows coupled with some profit booking in local equities may impact the rupee in trade today, says Pramit Brahmbhatt, Veracity.
The rupee resumed lower at 61.44 as against yesterday's closing level of 61.41 at the Interbank Foreign Exchange (Forex) and moved down further to 61.54 before quoting at 61.53 at 1100 hours.
The Indian rupee has opened at 61.43 a dollar on Thursday, down 2 paise compared to previous day's closing value of 61.41 a dollar.
We expect the 10-year benchmark to trade today in a range of 7.67-7.70 percent, says Mohan Shenoi, Kotak Mahindra Bank.
Indian Rupee will trade higher today owing to weakness in the DX as investors grew cautious ahead of a meeting of the Federal Reserves policy-setting committee, says Angel Broking.
ICICIdirect.com expects the US dollar to meet resilience on rallies against the rupee. One can utilise pullbacks in the US$/INR February contract to sell for the target of 61.86-61.70
The Indian rupee has opened at 61.50 a dollar, down 11 paise compared to previous day's closing value of 61.39 a dollar.
to provide cues to the market.""Moreover, month-end dollar demand by OMCs is also expected to underpin dollar today. Expect the range for the USD-INR to be between Rs 61.25-61.68/USD," he added.
Current trend of lower interest rates is expected to continue. Expect stronger GDP growth next year and rupee to depreciate against US dollar.
rupee resumed lower at 61.50 per dollar as against last Friday's close of 61.42 at the Interbank Foreign Exchange market. It declined further at 61.51 on month-end dollar demand by importers, before
The Indian rupee opened at 61.50 a dollar on Tuesday, down 8 paise compared to Friday's closing value of 61.42 per dollar.
Ashutosh Raina, HDFC Bank says the USD-INR currency pair has been trading in 61-62/dollar range with appreciating bias, although the strong suspected RBI intervention has capped the gains so far
The 10-year bond yields have also been fairly rangebound, trading around 7.7% mark, says Ashutosh Raina, HDFC Bank.
ICICIdirect.com expects the US dollar to meet resilience on rallies against the rupee. One can utilise pullbacks in the US$/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.
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