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
23 May, 2015 15:49 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
RBI removes restrictions on new FII investment in Ipca Lab - 22-May-2015 18:30
RBI raises FII investment limit in Somany Ceramics to 40% - 22-May-2015 18:20
ITC Q4 profit climbs 3.6%, misses forecasts - 22-May-2015 17:38
Karnataka Bank quarterly profit jumps 65.5% - 22-May-2015 15:50
Tata Motors launches PRIMA in Bangladesh - 22-May-2015 15:42
Tata Motors launches PRIMA in Bangladesh - 22-May-2015 15:42
Strides Arcolab turns to profit in Jan-Mar quarter - 22-May-2015 15:30
Punj Lloyd reports Rs 2.69 bn profit in Q4 - 22-May-2015 15:25
No order to recall Maggi Noodles being sold: Nestle India - 22-May-2015 15:19
SBI witnesses improvement in asset quality - 22-May-2015 14:24
Hi-Tech Gears Q4 profit surges 83.78% - 22-May-2015 14:02
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