Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
02 June, 2015 22:55 IST
Indian rupee to go weaker on fiscal cliff concern: Emkay
Source: IRIS | 22 Nov, 2012, 11.08AM
Comments  |  Post Comment

``USDINR trend remains firm till price manages to trade above 54.89 levels, where 9-Day EMA falls, targeting 55.25 followed by 55.50. Any intraday declines could hold at 54.90-54.88 and rise towards 55.20 levels,`` said Emkay Global Financial Services.

The partially convertible rupee closed at 55.11/12 per dollar compared with 55.0950/1050 at Tuesday's close. The Euro recovered as policymakers showed optimism on releasing emergency aid to Greece.    

``We expect Indian rupee to go weaker, as uncertainties over Greece and the fiscal cliff continue while the winter session of Indian Parliament begins today result in buying of dollars,`` it said.

Disclaimer: IRIS has taken due care and caution in compilation of data for its web site. Information has been obtained by IRIS from sources which it considers reliable. However, IRIS does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. IRIS especially states that it has no financial liability whatsoever to any user on account of the use of information provided on its website.

Comments Post comment 
 Post Comment
Name Email
Comment
Security Code type    into this box
Related Articles
Punjab & Sind Bank cuts base rate and BPLR by 25 bps - 02-Jun-2015 18:57
Banks start cutting interest rates after RBI Governor's call - 02-Jun-2015 18:01
Banks start cutting interest rates after RBI Governor's call - 02-Jun-2015 18:01
Banks start cutting interest rates after RBI Governor's call - 02-Jun-2015 18:01
Hero Motocorp reports robust sales in May' 15 - 02-Jun-2015 15:08
Allahabad Bank cuts base rate and BPLR by 30 bps - 02-Jun-2015 15:07
Outbound business growing faster than corporate and domestic travel: Anil Khandelwal, Cox & Kings - 02-Jun-2015 14:02
Policy reforms necessary for revival of real estate sector: Pradeep Jain - 02-Jun-2015 13:35
Future rate cuts depend on monsoon and crude price moments: R K Gupta - 02-Jun-2015 13:13
Real estate players ask banks to transmit cut in policy rates into lending rate - 02-Jun-2015 13:06
Real estate players ask banks to transmit cut in policy rates into lending rate - 02-Jun-2015 13:06
more...
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer