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According to Agam Gupta of Standard Chartered, expect range for the rupee at 61.15-61.45/dollar for the day.
The rupee is trading at fresh 12-week high gaining past 61 per dollar for the first time since December 10 2013. Equity market sentiment, strong FII flows and strength in the likes of the euro
Pramit Brahmbhatt of Alpari India said the rupee was cheering the dip in current account deficit and steady FII inflows into Indian equity was helping the currency to consolidate further & trade
A strong euro will provide some positive support. However, there is good chance of strong dollar demand and profit booking at these appeasing levels which may challenge rupee's positive stride, says
Ahead of ECB and BoE rate setting meetings later today and US payroll data tomorrow rupee is expected to trade in a range of 61.65-61.95/USD, says Mohan Shenoi of Kotak Mahindra Bank.
The dollar-rupee pair will continue to be sold on upticks in the near to medium term. Expected range for the day is 61.52-61.98/USD, says Ashok Gautam of Axis Bank.
Expect rupee in a range of 61.75-62.15/USD for the day, says Agam Gupta of Standard Chartered.
The Indian rupee opened flat at 62.10 per dollar on first day of the week as against Friday's closing value of 62.12 per dollar.The euro holds steady against the dollar this morning, retaining
Rupee is expected to depreciate during the day taking cues from the dollar which is trading strong despite mixed data released yesterday raising the questions about the economic growth, says Pramit
Bunched up FX inflows on account of holiday yesterday should support rupee which is expected to trade in a range of 62-62.35/USD, says Mohan Shenoi of Kotak Mahindra Bank.
The next support for rupee is at 61.70/USD, break of which opens gates to 61/USD. Expect rupee to trade between 61.70-62.40/USD, says Ashutosh Raina of HDFC Bank.
The Indian rupee opened flat at 61.96 per dollar against 61.92 Friday.
Rupee is expected to gain against dollar as IIP data released yesterday came in better than what most participants expected. Also, huge dollar inflows after banks re-opened following a strike may
All currencies are moving in a very narrow range, including dollar-rupee pair. Expect the 62-63/USD range to continue, says Ashutosh Raina of HDFC Bank.
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