Don’t have an account?
New to Moneycontrol - Sign up now
Its easy and FREE!
OR connect with
A Quick View
Gains in Asian equities and some exporters selling may limit further losses. Expect rupee to be ranged between 60.60-61.40/dollar, says Pramit Brahmbhatt of Veracity.
Moneycontrol BureauBrokerage house Emkay Share & Stock Brokers feels a combination of global events, slower-than-expected GDP growth and a fairly valued rupee could drag the currency down to 63
The rupee is likely to trade in the range of 60.75-61.15/dollar for the day, says Agam Gupta of Standard Chartered.
The US dollar ended lower against the rupee at 60.65/66 per dollar and the Pound Sterling also finished lower at Rs 98.34/36 per pound at the close of the Interbank Foreign Exchange Market today.
Rupee is expected to trade rangebound to slightly weak tracking the local equity movement. See a range of 60.50-61.50/dollar, says Pramit Brahmbhatt of Veracity.
The rupee had depreciated against dollar despite crude prices falling below USD 100/bbl. This trend is also expected to pause today. The rupee is expected to trade today in a range of 60.60-61/dollar
in euro and sterling eased the dollar gains marginally. The dollar index is just holding above the 84 mark.Also Read - Expect rupee to be supported at 60.25-60.40/USD: JPMorganHimanshu Arora, Currency
assume that there is another 10 percent movement in the euro, roughly what is the sensitivity, we have spoken about the sensitivity of the rupee on the margins, the way it moves, can you tell us for euro
Strong FII flows and suspected Central Bank intervention have ensured that rupee consolidates in 60-61/dollar range, says Ashutosh Raina of HDFC Bank.
Pramit Brahmbhatt, Veracity expects the rupee to trade range bound to slightly weak. "The range for the day is seen between 60.20-61/USD," he adds.
The Indian rupee opened flat at 60.46 per dollar versus 60.48 Wednesday.The euro holds on to modest gains against the dollar, having pulled up from one-year lows as investors booked some profits
The Indian rupee opened marginally lower at 60.58 per dollar on Tuesday as against previous day's closing value of 60.52 a dollar.Ashutosh Raina of HDFC Bank said, "The better than expected GDP
"Expect rupee to trade in the range of 60.35-60.70/dollar, says Agam Gupta of Standard Chartered.
Rupee may weaken ahead of the GDP data for the April-June quarter expected on Friday. Expect USD-INR to trade in the range of 60.22-60.75/dollar, says Himanshu Arora, Currency Analyst at Religare.
The increased FII flows into Indian equity and bond markets have resulted in rupee gaining and touching 60.50/dollar after recent losses, says Ashutosh Raina of HDFC Bank.
The Indian rupee opened marginally lower at 60.55 per dollar on Monday as against Friday's closing value of 60.47 a dollar.Agam Gupta of Standard Chartered expects rupee to trade in the range of 60
The Indian rupee on Tuesday rose by nine paise to end at one-week high of 61.08 against the greenback on fresh dollar selling by banks and exporters.
Expect rupee to trade range-bound to slightly weak and will look forward to the local equities for further cues. Range for the day seen at 60.80-61.80/dollar, says Pramit Brahmbhatt of Veracity.
The risk-off scenario however is not likely to be an enduring one. The rupee is expected to trade in a range of 61.20-61.60/dollar today, says Mohan Shenoi of Kotak Mahindra Bank.
-month highs. The dollar index is near 81.31 levels gaining over 2 percent for the month. The euro was flat near 1.34.Also Read - Weak global cues push rupee to 4 month lowAgam Gupta of Standard
Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.