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Reduction in FII inflows coupled with profit booking in local equities may put pressure on the rupee, says Pramit Brahmbhatt of Veracity.
to be long INR and short Euro, short Yen, any of the other currencies that were weaker than the rupee. Now is the time to take profit and there were very good reasons why that profit is getting taken over
The Indian rupee declined in the opening trade on Monday. It has slipped by 21 paise at 62.50 per dollar against 62.29 Friday.The dollar cut its losses against the euro, extended gains against
The Indian rupee opened on flat note at 61.93 in the early trade on Thursday. It has closed at 61.91 Wednesday.The euro fell to two-year lows on expectations the European Central Bank
The Indian rupee slipped by 21 paise in the early trade on Monday. It has opened at 62.23 per dollar versus 62.02 on Friday.The Swiss franc slipped against the euro early today after the Swiss
The Indian rupee opened flat at 61.90 per dollar on Tuesday against previous day's closing value of 61.94 a dollar.The euro clings to modest gains having benefited from a short squeeze following
We expect the rupee to trade in a range of 61.65-61.95/dollar, says Agam Gupta of Standard Chartered Bank.
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