INR
INR @ 47.52 and set to gain for a third successive session on Friday, buoyed by sharp losses in the $ versus major currencies, but traders were awaiting the opening of the domestic share market for further direction. Dollex was down 0.34 %. The $ was under pressure after strong U.S. durable goods data on Thursday prompted investors to trim holdings of the safe-haven currency. SGX NIFTY up...
RUPEE
INR @ 48.08 is expected to edge lower on Thursday, tracking the euro’s losses versus the $ and some sell-off in Asian stocks, with month-end $ demand from refiners seen adding to the pressure. INR ended at 47.70/71 on Wednesday, stronger than its previous close of 47.88/90 but below an intraday peak of 47.50. On Tuesday it fell 1.25 %, its biggest one-day drop in nearly three months. Dollex was up 0.1...
RUPEE
INR is expected to rise on Wednesday after falling for 2days, with gains in regional stocks raising expectations for inflows into the domestic market. Higher Asian currencies will also help. INR closed at 47.88/90 per $ on Tuesday, falling 1.25 % from Monday’s close of 47.28/30, its biggest one-day fall in nearly three months and further retreating from Friday’s five-month high of 46.90. SGX Nifty...
MARKETS: SGX Nifty up INR weaker on Oil demand and $ strength , Stocks seen positive but range bound 1% , Debt woes on Govt. Fiscal Stimulus
GLOBAL: $ Recovers but on German dip in confidence.
INR
· INR @ 47.47 should open flat to slightly weaker on Tuesday, taking cues from the $’s rise overseas and mixed Asian stock markets. Dollex rose 0.2 % . INR ended at 47.28/30 on Monday, 0.4 %...
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