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
30 September, 2014 19:20 IST
News
Fundamentals appear to be weak for rupee; point towards depreciation: CARE
Source: IRIS (22-NOV-12)
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.


News
SBI makes 63 out of 67 branches fully functional in Kashmir Valley - 30-Sep-2014 18:27
ABB bags order worth Rs 550 mn - 30-Sep-2014 17:28
Maruti Suzuki to recall 69,555 vehicles - 30-Sep-2014 16:42
Aegis inks pact with Punjab National Bank - 30-Sep-2014 15:42
Apollo Hospitals announces collaboration with Sanofi - 30-Sep-2014 14:41
Apollo Hospitals announces collaboration with Sanofi - 30-Sep-2014 14:41
NTPC signs term loan of USD 250 mn with Mizuho Bank - 30-Sep-2014 13:54
Angel Broking maintains 'Buy' on Wipro - 30-Sep-2014 12:51
L&T Construction wins orders worth Rs 14.23 bn - 30-Sep-2014 12:13
Internet usage fuels unstoppable rise of FOMO:Tata Comm survey - 30-Sep-2014 11:22
Alphageo wins Rs 110 mn order for 3D seismic data acquisition - 30-Sep-2014 11:19
more...
* Q - Quote , N - News , C - Chart , F - Financials
Comments Post comment 
 Post Comment
Name Email
Comment
Security Code type   y44c6z into this box
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Forums  |   E-mail  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer