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be very bad for the rupee and it may head to 65 plus per dollar.
Aaron Smith believes the rupee may strengthen post election euphoria but is likely to weaken from a medium to long-term perspective
Forex dealers said increased demand for the US currency from importers continued to put pressure on the rupee but a higher opening in the domestic stock market and the dollar's weakness against other
The partially convertible rupee was trading at 61.01/02 per dollar by 9:23 a.m., after hitting as much as 61.03, its lowest since March 21.
The rupee is currently breached 61 against the dollar and is trading at a one-month low.
Rupee is expected to trade weak due to uncertainty over election outcome and again the month-end dollar demand will help dollar to trade strong, says Pramit Brahmbhatt of Veracity India.
The range for rupee for the day is seen between 60.40-61.40/dollar, says Pramit Brahmbhatt of Veracity India.
The dollar-rupee market has been consolidating in a very narrow range ahead of the outcome of elections, and holiday shortened week, says Ashutosh Raina of HDFC Bank.
The situation in Ukraine can have some bearish impact on rupee. The range is seen between 60-61/dollar, says Ashutosh Raina of HDFC Bank.
The rupee today lost a hefty 30 paise to end the day at almost one-month low of 60.59 against the dollar due to fresh demand for the US currency from importers, mainly oil refiners despite a surge
The Indian rupee opened flat at 60.30 per dollar on Monday as against Thursday's closing value of 60.29 a dollar.
The range of rupee for the day is seen between 60.15-60.45 /USD, says Agam Gupta of Standard Chartered.
The Indian rupee opened flat at 60.29 per dollar versus 60.37 Wednesday. The yen wallowed at one-week lows against the dollar, having eased broadly overnight as a rally in global stocks dented demand
Rupee has settled in a comfortable range on the prospect of a stable Government post elections, says Mohan Shenoi of Kotak Mahindra Bank.
The rupee is likely to trade in a range of 60.20-60.50/USD, says Mohan Shenoi of Kotak Mahindra Bank.
There is nothing to worry about, says Bhavin Shah, chief executive office, Equirus Securities, who adds that the rupee appreciation led to some of the negativity on the numbers.
HCL Technologies' revenue (in rupee terms) is likely to grow 2.5 percent quarter-on-quarter to Rs 8,388 crore and dollar revenue may rise 2.7 percent to USD 1357.5 million.
According to CNBC-TV18 poll, profit after tax of the company is likely to fall 2.9 percent sequentially to Rs 5,175 crore but revenues (in rupee terms) may increase 1.7 percent Q-o-Q to Rs 21
The Indian rupee opened lower at 60.29 per dollar on Wednesday, down 7 paise compared to previous closing value of 60.22 a dollar.
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