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Rupee has settled in a comfortable range on the prospect of a stable Government post elections, says Mohan Shenoi of Kotak Mahindra Bank.
Rupee is expected to trend mildly lower today amid rise in wholesale inflation which touched a 3-month high, says Himanshu Arora of Religare.
Rupee is expected to appreciate on the back of strong Asian and US equities, says Pramit Brahmbhatt of Veracity.
The Indian rupee opened higher by 13 paise at 59.98 per dollar versus 60.11 Monday.The dollar languished at three-week lows against a basket of major currencies, having broken decisively lower
Indian markets have been fairly resilient to the global factors with the dollar rupee pair breaching the psychological level of 60. Expect rupee to trade in a range of 59.50 - 60.50/USD, says
The rupee is lower tracking weakness in the euro and Asian currencies. Gilts too are lower as dealers cut positions ahead of the maiden FY15 gilt auction.
Indian rupee has opened lower by 19 paise at 60.35 a dollar on Friday as against previous day's closing value of 60.16 a dollar.
Dollar buying by importers has prevented further appreciation of rupee. Dollar-rupee is expected to consolidate at current levels and trade in a range of 59.60-60.10, says Mohan Shenoi of Kotak
Dollar is expected to strengthen after two days of weak closing as subdued data like the PMI from global markets, especially China may dent rupee's recent robust movement, says Himanshu Arora
Rupee is expected to depreciate and trade within the 59.50-61/dollar levels. However, foreign inflows may support rupee and nullify the month-end dollar demand from oil importers, says Pramit
According to Mohan Shenoi of Kotak Mahindra Bank, rupee is expected to trade in a range of 59.90-60.30/dollar and the range for the 10-year yield is seen between 8.76-8.81 percent
Today rupee is expected in the range of 60.20-60.70/USD, says Pramit Brahmbhatt, CEO, Alpari India.
The rupee is at a 7.5 month high tracking gains in the euro and Asian peers. Bonds are steady tracking strength in the rupee. Profit sales limit further gains. Most market players
Dollar continued to trade strong on Fed tapering and statement on rise in interest rate. Indian equity market is expected to open weak which will depreciate rupee and will force it to trade over 61
The dollar soared more than 1 percent against the yen and almost 1 percent versus the euro on Wednesday after new Federal Reserve Chair Janet Yellen said interest rates could start to rise six months
The rupee opened higher by 17 paise at 61.02 per dollar against the Friday's close of 61.19.
A high powered government panel has now proposed a solution recommending a multi-pronged strategy to bypass dependence on hard currencies like the euro or the dollar.
According to Pramit Brahmbhatt of Alpari India, rupee is expected to trade weak following Asian shares slipping to a 3-week low as tension over Ukraine ahead of a weekend referendum forced investors
The continued compression in current account deficit (CAD) coupled with a pick-up in capital flows has created a constructive balance of payment (BoP) environment for the rupee, says Rohini Malkani
The rupee's strong run is likely to continue buoyed by positive dollar inflows into both equity and bond market, says Pramit Brahmbhatt of Alpari India.
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