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
26 April, 2015 04:47 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
Infosys expects FY16 revenue to grow 10-12% - 24-Apr-2015 15:33
Infosys to acquire Kallidus for USD 120 mn - 24-Apr-2015 15:00
Infosys Q4 misses estimates; profit falls 4.7% sequentially - 24-Apr-2015 14:53
GPT Infraprojects bags order worth Rs 1.29 bn - 24-Apr-2015 13:07
IL&FS Engineering wins order worth Rs 3.26 bn from BMRCL - 24-Apr-2015 12:57
Rel Capital Asset Management in strategic alliance with Samsung Asset Management - 24-Apr-2015 10:53
Suven Life secures five product patents for NCEs - 24-Apr-2015 10:27
Advent, Temasek to buy CG's consumer electricals unit - 24-Apr-2015 10:01
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