Rupee could remain relatively flat with a downward bias
Rupee can stay fairly flat with a sliding predisposition in early
trades, in front of the bi-monetary RBI policy shortly today and as
dollar improves somewhat. Domestic Stocks are expected to open upper,
optimistic for the Domestic unit. The fairly variable rupee ended Monday
at 62.18 per dollar, sharply stronger than its end of 62.50 last
Tuesday on the back of bunched-up dollar inflows as markets re-opened
after a 5-day holiday. Increases in most other Asian units on the back
of poor U.S. jobs data and in the Local Stock market also aid opinion.
trades, in front of the bi-monetary RBI policy shortly today and as
dollar improves somewhat. Domestic Stocks are expected to open upper,
optimistic for the Domestic unit. The fairly variable rupee ended Monday
at 62.18 per dollar, sharply stronger than its end of 62.50 last
Tuesday on the back of bunched-up dollar inflows as markets re-opened
after a 5-day holiday. Increases in most other Asian units on the back
of poor U.S. jobs data and in the Local Stock market also aid opinion.
Rupee could remain relatively flat with a downward bias
11:27 AM
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