Re to witness correction against dollarWith a 2.8% rally in BSE-Sensex over the week and the 18,000 peak now seemingly not too far, sentiment towards the rupee remained bullish.
October 8, 2007
Re. seen range-bound on capital inflowsBearishness towards the US dollar prevailed last week in the market. The greenback has been under pressure since the Federal Reserve surprised the market with a 0.50% cut in the overnight Fed funds rate on September 18.
October 1, 2007
Reserve Bank, oil price will counter appreciation pressuresIn a week where all eyes were on the US Federal Reserve’s monetary policy meeting, the outcome of the event exceeded expectations of many.
September 24, 2007
Risk aversion may hit the rupeeRisk aversion is likely to make a come back this week and investors across the globe would actively unwind carry trades.
September 10, 2007
Action in equity markets to influence rupee’s movementLatest GDP estimates showed that the economy grew by 9.3% y-o-y in real terms during the first quarter of the current financial year.
September 3, 2007
Downward pressures likely to hold rupee downCalm returned in the financial markets last week, as major central banks’ move to inject liquidity helped improve sentiment.
August 27, 2007
Equity market recovery will help rupee gain groundInvestors across the world scrambled for the safety of bonds and cash as they liquidated their risky carry trades positions, particularly equities.
August 20, 2007
Receding capital inflows to put rupee under pressureDepreciation pressures on the rupee are rising. Surplus capital inflows, above those needed to fund current account deficit, have grown over last few years.
August 13, 2007
Rupee to hold groundAmid rising concerns over global credit markets and the equities market, positive developments unfolded for the rupee this past week.
August 6, 2007
Re could fall further in this weekThe Indian rupee also lost value against the dollar, as foreign institutional investors (FIIs) sold their local equity holdings and banks rushed to cover their short-dollar positions.
July 30, 2007
Downward pressures could pull the rupee downIt’s caught between a voracious appetite for local equities among foreign institutional investors (FIIs) and the firm resolve of the RBI.
July 22, 2007
Rupee under pressure to firm upBuoyant capital inflows and general market bullishness in anticipation of the inflows rising in future are exerting strong upward pressures.
July 15, 2007
Rising rupee set to take a breatherAfter a few weeks of narrow range-bound movements, the rupee resumed its northward journey last week. This was made possible by a surge in capital inflows.
July 9, 2007
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