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
20 December, 2014 02:26 IST
Fundamentals appear to be weak for rupee; point towards depreciation: CARE
Source: IRIS | 22 Nov, 2012, 12.53PM
Comments  |  Post Comment

The rupee has been weak right since the financial year began, which was to begin with more on account of the policies announced relating to retrospective taxation and GAAR.

According to CARE Research, fundamentals appear to be weak for rupee and point towards depreciation.

It is expected that the capital flows will help to cover the current account deficit and the rupee will remain in the range of Rs 54-56/USD for most part of the year. The deviations would be only temporary in either direction, it said.

“Looking at the Forex derivative markets, the December contract is in the range of Rs 55-55.50/USD while that for March is around Rs 56. It may be conjectured that the market too is looking at a similar range,'' CARE said.

Comments Post comment 
 Post Comment
Name Email
Comment
Security Code type    into this box
Related Articles
CRISIL assigns fundamental grade 4/5 to JSW Steel - 19-Dec-2014 16:18
Emkay maintains `Buy` on L&T - 19-Dec-2014 15:43
Panacea Biotec join hands with Rising Pharmaceuticals - 19-Dec-2014 11:59
Petron Engineering gets LoI for contract worth Rs 240 mn - 19-Dec-2014 11:49
Dr Reddy's closes acquisition of Habitrol brand from Novartis - 19-Dec-2014 11:29
JET Airways introduces 12 additional domestic frequencies - 19-Dec-2014 10:56
Balaji Telefilms joins Indus Media to enter American television market - 19-Dec-2014 10:38
Punj Lloyd gets FIPB nod for manufacture of defence items - 18-Dec-2014 19:17
FIIs can invest up to 100% in Crompton Greaves: RBI - 18-Dec-2014 18:57
FIIs can invest up to 49% in Tree House Education: RBI - 18-Dec-2014 18:40
Logistics companies to be biggest beneficiaries of GST: Allcargo Logistics - 18-Dec-2014 16:40
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