The Indian rupee continued to rule firm, appreciating by 4 paise against the US dollar in early trade today on persistent selling of dollars by exporters and banks in view of weakness of the American currency in overseas markets.
US – Indian Rupee (USD/INR) is trading at 49.09. In six months we expect USD/INR to fall to Rs.47.30 and Rs.45.00. For the moment the fundamentals of Indian economy are mildly weak on the back of continued high food price inflation, low manufacturing sector growth and a government backed by scams and its failure to take tough measures.
The Indian rupee was up by 28 paise at Rs 49.12 per US dollar in early trade today due to fresh selling of the American currency by banks and exporters on the back of dollar weakness in overseas markets.
The Indian rupee was down by 29 paise at Rs 49.44 per US dollar in early trade today on sustained demand for the American currency from banks and importers amid a rise in the dollar value overseas.
The Indian rupee was down by 29 paise at Rs 49.44 per US dollar in early trade today on sustained demand for the American currency from banks and importers amid a rise in the dollar value overseas.
The Indian rupee declined by 36 paise to Rs 49.11 per US dollar in early trade today on fresh month-end demand for the American currency from importers, coupled with dollar gains in overseas market.
The Indian rupee was down 3 paise at Rs 49.46/47 per US dollar at 1030 hours on Monday after moving in a wide range during morning trade.
The Indian rupee was up by 20 paise at Rs 47.85 per US dollar in early trade today on fresh selling of dollars by banks and exporters amid weakness of the American currency in overseas markets.
The Indian rupee was up by 27 paise at Rs 46.95 per US dollar at 1030 hours today on fresh selling of the American currency by banks and exporters amid a firming trend in the equity market.
The Indian rupee was down 19 paise at Rs 45.98 per US dollar in early trade today on strong dollar demand from banks and importers amid a sharp decline in the equity market and dollar gains overseas.
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