Thursday 27 November 2014

Rupee falls, tracks broad dollar gains

The rupee is trading at 61.91/92, slightly higher compared with Thursday's 61.8750/8850 close. Month-end dollar demand from importers is likely to hurt the Indian unit Stock Market Tips
Gains in shares and resulting capital inflows may limit a very sharp upside to the pair.
Indian shares rose to record highs ahead of GDP data, RBI policy today.
Almost all Asian currencies are weaker compared to the dollar.
Index of the dollar against six major currencies is trading up 0.5%.
USD/INR pair is seen in a 61.70 to 62.10 range on Friday.
GDP data, due post market hours, and the RBI policy review on Tuesday are in focus Intraday Trading Tips

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