Rupee may continue its weak spell on rising crude pricesLast week was a reminder of the fact that the Indian economy is increasingly getting integrated with the global economy.
May 12, 2008
Stronger greenback is likely to keep the local currency downAfter the US Federal Reserve started cutting interest rates in September last year, the greenback fell sharply. The euro and the yen in particular gained as a result.
May 5, 2008
CRR hike likely to provide limited support to the rupeeFiring its first salvo against inflation, the central bank announced a hike in the banks’ cash reserve ratio (CRR) by 0.50% in two stages to 8%.
April 21, 2008
Rupee seen sliding as downward pressures gain tractionPrice action in the local currency market was pretty placid last week. Rupee’s movements against the US dollar were confined to a narrower range
April 14, 2008
Rupee may be firm on easing pressures, high inflationSoaring levels of inflation and ways of combating it continue to be the focus of the local market. The headline WPI inflation rose to a 3-year high to touch 7% last week.
April 7, 2008
Rising inflation, lower prices of commodities may help ReThe US dollar bounced back last week after slumping to new lows against the other major currencies at the start of the week.
March 24, 2008
Favourable conditions could help rupee gain some groundThe fortunes of the US dollar continue to dwindle. The greenback plunged to new lows against many of its major counterparts last week.
March 17, 2008
RBI set for a role reversalLast week, the rupee lost 1.3% in value against the dollar, despite another week of greenback falling to new lows in the overseas market.
March 10, 2008
Rupee will continue to shine this week on dollar weaknessThe US economy is beginning to show signs of tipping into stagflation. The strength of the economic activity continues to weaken while inflation is picking up.
March 3, 2008
Rupee on a slippery ground as dollar shortage persistsDownward pressures on the rupee are getting stronger. The currency has enjoyed a bull-run for most of this fiscal year on the back strong capital inflows.
February 25, 2008
Rupee to be range-bound with a weakening biasThe pound sterling also gained ground as the market scaled back its UK rate-cut expectations.
February 18, 2008
Rupee will be put to test, could lose more groundThe rupee’s strength could be put to test this week. Market conditions are turning adverse for the Indian currency. Foremost among them is the persistent weakness in the local equity market.
February 11, 2008
Equity market, greenback’s fortunes to guide the rupeeAnd the US Federal Reserve has stepped up its efforts to counter the slowdown in growth by aggressively cutting interest rates.
February 4, 2008
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