We expect the rupee to face an immediate resistance of 67/dollar and the trading range for the day is seen between 66.50-66.70/dollar, says Pramit Brahmbhatt of Veracity.
The Indian rupee opened lower by 13 paise at 66.90 per dollar on Monday versus 66.77 Friday. Pramit Brahmbhatt of Veracity said, "The rupee is expected to depreciate for the day taking cues from flat to negative global equity markets."
We expect the rupee to face an immediate resistance of 67/dollar and the trading range for the day is seen between 66.50-66.70/dollar
There is "absolutely no reason" for the Indian government to borrow in dollars and the rest of the developing world must be careful not to become too reliant on foreign capital, Reserve Bank of India Governor Raghuram Rajan said on Friday.
We expect the rupee to face an immediate resistance of 67/dollar and the trading range for the day is seen between 66.50-66.70/dollar
There is "absolutely no reason" for the Indian government to borrow in dollars and the rest of the developing world must be careful not to become too reliant on foreign capital, Reserve Bank of India Governor Raghuram Rajan said on Friday.
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