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Strong Demand For Dollar May Push Rupee Towards 57-58 Levels


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[color=#000000][font=Arial, Helvetica, sans-serif][size=4]NEW DELHI: The [/size][/font][/color][url="http://economictimes.indiatimes.com/topic/rupee"]rupee[/url][color=#000000][font=Arial, Helvetica, sans-serif][size=4] opened at 55.38 levels on Wednesday after closing yesterday at 55.41 levels. The intraday range for the rupee is expected to be between 55.15 and 55.55 levels. [/size][/font][/color]

[color=#000000][font=Arial, Helvetica, sans-serif][size=4]The rupee dropped to its fresh six-month low below 55.45 in trade today. The Indian currency has plunged by nearly 3 per cent so far this month versus the dollar. [/size][/font][/color]

[color=#000000][font=Arial, Helvetica, sans-serif][size=4]Despite strong foreign inflows into the debt and [/size][/font][/color][url="http://economictimes.indiatimes.com/topic/stock-markets"]stock markets[/url][color=#000000][font=Arial, Helvetica, sans-serif][size=4], the rupee has depreciated as the dollar gains against global currencies on concerns about whether the US monetary stimulus will continue. [/size][/font][/color]

[color=#000000][font=Arial, Helvetica, sans-serif][size=4]Going ahead, if the rupee stays above 55 levels, it will drive the pair (USD INR) towards new record levels. A sustained break above 55.40 levels will take the currency towards 57-58 levels. [/size][/font][/color]

[color=#000000][font=Arial, Helvetica, sans-serif][size=4]There have been reports that Fed's bond buying programme may end earlier than expected. The bond purchases inject fresh dollars into the market and an earlier-than-expected closing may increase dollar demand as supply gets reduced. [/size][/font][/color]

[color=#000000][font=Arial, Helvetica, sans-serif][size=4]The rupee will have a negative impact if QE3 stops as it will hamper the overall flow seen in the country. [/size][/font][/color]

[url="http://economictimes.indiatimes.com/topic/Federal-Reserve"]Federal Reserve[/url][color=#000000][font=Arial, Helvetica, sans-serif][size=4] chairman Ben Bernanke's testimony is due before the Joint Economic Committee later today. We believe his monetary policy bias will be the main driver of dollar flows. [/size][/font][/color]

[color=#000000][font=Arial, Helvetica, sans-serif][size=4]Bernanke's views will give us a good sense of whether the market's expectations for tapering QE are overblown. Based on the relentless rally in the [/size][/font][/color][url="http://economictimes.indiatimes.com/topic/US-dollar"]US dollar[/url][color=#000000][font=Arial, Helvetica, sans-serif][size=4] over the past month, investors are pricing in a major change in Fed policy, and Mr Bernanke's comments could either support or end the dollar rally. [/size][/font][/color]

[color=#000000][font=Arial, Helvetica, sans-serif][size=4]The ball is now in Bernanke's court. If the Fed chairman drops even the smallest hint that he supports reducing bond buying - either by talking about it directly or sounding more optimistic about the outlook for the US economy, the dollar could hit new highs. [/size][/font][/color]

[color=#000000][font=Arial, Helvetica, sans-serif][size=4]However, if he repeats that bonds could be increased or decreased and spends more time talking about the constraints in the US [/size][/font][/color][url="http://economictimes.indiatimes.com/topic/economy"]economy[/url][color=#000000][font=Arial, Helvetica, sans-serif][size=4] or the fiscal drag, it could restrict the gains in the dollar.[/size][/font][/color]

[img]http://economictimes.indiatimes.com/photo/20207544/strong-demand-for-dollar-may-push-rupee-towards-57-58-levels.jpg[/img]

Posted

bank la paisal enni unayo sooskovali
[img]http://media.tumblr.com/tumblr_mb79wa1sq11rtc9of.gif[/img]

Posted

[quote name='Murthygaru' timestamp='1369250545' post='1303784986']
bank la paisal enni unayo sooskovali
[img]http://media.tumblr.com/tumblr_mb79wa1sq11rtc9of.gif[/img]
[/quote]


57 ala aithe oke saari chala pampinchochu.. lauda lo 52 - 53 ki entha pampina thakkuve anipisthundhi

Posted

60 please naku downpayment ki oka 2 laks takkuva aitunai avi ila dollar value increase dwara poodukupothe bavundu [brahmi praying gif]

Posted

[quote name='puli_keka' timestamp='1369250895' post='1303785017']


57 ala aithe oke saari chala pampinchochu.. lauda lo 52 - 53 ki entha pampina thakkuve anipisthundhi
[/quote]
okappudu 45 unde ..appudu mari paristhithi
[img]http://i41.tinypic.com/291j8mr.jpg[/img]

Posted

[quote name='puli_keka' timestamp='1369250895' post='1303785017']


57 ala aithe oke saari chala pampinchochu.. lauda lo 52 - 53 ki entha pampina thakkuve anipisthundhi
[/quote]
nenu e month 10k pampanu loss man 53 unnapudu pampanu cha

Posted

[img]http://media.tumblr.com/tumblr_mb79wa1sq11rtc9of.gif[/img] ossum

Posted

[quote name='manmadhan' timestamp='1369251046' post='1303785031']
60 please naku downpayment ki oka 2 laks takkuva aitunai avi ila dollar value increase dwara poodukupothe bavundu [brahmi praying gif]
[/quote]
[img]http://lh5.ggpht.com/-dyRHIRi7jxg/URXHv97MRsI/AAAAAAAAJ1w/CeSlfBToPNs/s150/Brahmi-8.gif[/img]

Posted

[quote name='Murthygaru' timestamp='1369251195' post='1303785045']
[img]http://lh5.ggpht.com/-dyRHIRi7jxg/URXHv97MRsI/AAAAAAAAJ1w/CeSlfBToPNs/s150/Brahmi-8.gif[/img]
[/quote]
thanks baa [img]http://lh5.ggpht.com/-dyRHIRi7jxg/URXHv97MRsI/AAAAAAAAJ1w/CeSlfBToPNs/s150/Brahmi-8.gif[/img][img]http://lh5.ggpht.com/-dyRHIRi7jxg/URXHv97MRsI/AAAAAAAAJ1w/CeSlfBToPNs/s150/Brahmi-8.gif[/img]

Posted

[quote name='manmadhan' timestamp='1369251278' post='1303785051']
thanks baa [img]http://lh5.ggpht.com/-dyRHIRi7jxg/URXHv97MRsI/AAAAAAAAJ1w/CeSlfBToPNs/s150/Brahmi-8.gif[/img][img]http://lh5.ggpht.com/-dyRHIRi7jxg/URXHv97MRsI/AAAAAAAAJ1w/CeSlfBToPNs/s150/Brahmi-8.gif[/img]
[/quote]
NO MENSES re
[img]http://i54.tinypic.com/16bwy7d.gif[/img]

Posted

paapam india nunchi vache students ki pagilipothundhi

Posted

[quote name='Murthygaru' timestamp='1369251130' post='1303785039']
okappudu 45 unde ..appudu mari paristhithi
[img]http://i41.tinypic.com/291j8mr.jpg[/img]
[/quote]
okappudu 38 undedhi appudu maa paristhithi [img]http://i41.tinypic.com/291j8mr.jpg[/img]

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