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Indian rupee opened lower by 29 paise at 62.10 against the US dollar on Friday versus previous day's closing value of 61.81 per dollar.According to Rohini Malkani of Citigroup, consumer price index
On the equities front, the markets fell for the third straight day on taper fears - the Nifty closed below the 6300 mark while the Sensex loses a percent, the rupee lost ground to move closer
Som Mittal is happy that the rupee has stabilised at 62-63 to the dollar, as he says a rupee at 68 would have resulted in pricing pressure for Indian companies.
Indian rupee opened lower by 35 paise at 61.60 per dollar versus 61.25 Wednesday.
Karvy Stock Broking report on currency:The Dollar-rupee pair closed on a depreciating note on Tuesday at 61.30 , shedding 0.08% over the prior day close taking cues out of a weak domestic
Indian rupee declined in early trade on Wednesday. It opened lower by 17 paise at 61.22 per dollar as against previous day's closing value of 61.05.
NS Venkatesh, IDBI Bank said, "Rupee will take cues from movement in equity markets. Global equities are showing a downward trend. US budget deals are coming to an understanding which is a positive
Rupee will take cues from movement in equity markets. Global equities are showing a downward trend. US budget deals are coming to an understanding which is a positive cue, says NS Venkatesh of IDBI
The rupee is trading at 61.23/24 versus its close of 61.13/14 on Monday, tracking losses in the domestic sharemarket and on the back of dollar demand from oil importers.The BSE Sensex is down 0
Indian rupee gained in the early trade today. It opened higher by 15 paise at 60.98 per dollar as against previous day's closing value of 61.13.
The Indian rupee opened higher by 15 paise at 60.98 per dollar versus 61.13 Monday.
In rupee expect importer demand to come in at 61/USD. The range for the day is seen between 60.9-61.4/USD, says Agam Gupta of Standard Chartered.
Agam Gupta, Standard Chartered said, "Dollar rupee should open lower between 61.10-61.20/USD as the impact of the elections results play out. Expect importer demand to come in at 61/USD. The range
The rupee has gained 1.2 percent against the dollar so far this week as exit polls predicted a strong showing for the key opposition party.
The rupee trades flat against the US dollar, tracking rise in euro and firm local shares. The currency eyes US jobs data and domestic state elections results, while gilts are trading down ahead of Rs
Pramit Brahmbhatt of Alpari feels the sudden euphoria in equity markets will help rupee strengthen further."However, concerns of early taper will keep a check on its positive momentum," he
The sudden euphoria in equity markets will help rupee strengthen further. However, concerns of early taper will keep a check on its positive momentum, says Pramit Brahmbhatt of Alpari.
The rupee seen between 61.12-62.02/dollar today, says Pramit Brahmbhatt, Alpari.
Strengthening of other currencies against the dollar overseas and a higher opening in the domestic equity market also supported the local currency, forex dealers said.
Indian rupee gained in early trade against the dollar on Thursday. The rupee rose 28 paise to 61.74 per dollar as against previous day's closing of 62.05.
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