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Indian rupee opened lower by 35 paise at 61.60 per dollar versus 61.25 Wednesday.
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 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.
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
The rupee is higher for a third session, tracking euro gains after the ECB gave no indication of policy easing.
Rupee may trade higher today on expectations of strong job numbers from the US this Friday, says Himanshu Arora of Religare.
rupee with US dollar, euro, British pound and Japanese yen, among others.
Indian rupee opened flat at 62.29 per dollar on Tuesday as against previous day's closing of 62.31 per dollar.Tirthankar Patnaik of Religare feels a sharp relief in Q2 would translate into a sub-3
Forex dealers said increased selling of the US currency by exporters, a higher opening in the domestic equity market and strengthening of euro and yen against the dollar overseas also supported
Despite ending the week with mild losses, the rupee notched a second consecutive weekly gain, helped earlier in the week by the rally in the euro and the biggest weekly gain in domestic shares since
Tushar Poddar of Goldman Sachs expects 3-month, 6-month and 12-month dollar-rupee rate at 64/USD, 65/USD and 65/USD, respectively.
A strong euro and a weak dollar coupled with RBI's intervention in the market might aid rupee, Pramit Brahmbhatt of Alpari India said.
A strong euro and a weak dollar coupled with RBI's intervention in the market might aid rupee, says Pramit Brahmbhatt, Alpari India.
Ashutosh Raina of HDFC Bank feels dollar-rupee is stuck in a consolidation phase. He expects this sideways movement to continue for some more time.
Indian rupee opened higher by 21 paise at 62.65 per dollar on Monday as against Friday's closing of 62.86 per dollar.Agam Gupta of Standard Chartered says globally, equities were positive
to rupee," he adds.
Dollar-rupee pair is expected to trade higher in today's session amid weakness in equities and fresh month-end dollar demand from oil companies, says Himanshu Arora of Religare.
Rupee should trade strong today aided by strong equities; strong euro and good dollar inflow into the market, says Pramit Brahmbhatt of Alpari India.
Ashutosh Raina of HDFC Bank feels the dollar-rupee pair has been stabilising and should continue to remain in this range for some more time. "The strong inflows have been offset by strong demand
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