Tag Archives: Rupee

Jai Bala Bets On Sharp Rise of Rupee Against Euro

Jai Bala of 1857 Advisors is “very bullish” about rupee vs euro. The sharp movement of the rupee against the US dollar this year has kept many traders on tenterhooks. But here is something that could make foreign exchange traders even more jumpy: The rupee could rally to 61 against the euro from current level of around 74, says Jai ... Read More »

HSBC Sees Year-end Rupee at 69 Against US Dollar

New Delhi: The rupee is likely to see “better footing” than has been the case recently, an HSBC report said today, maintaining a year-end forecast of 69 against a US dollar. According to the global financial services major, the Indian rupee has been on the back foot since the beginning of this year. It has been, among other things, weighed ... Read More »

Rupee Recovers 13 Paise Against Dollar in Early Trade

Mumbai: The rupee recovered from a 30-month low by rising 13 paise to 68.34 against the dollar at the Interbank Foreign Exchange in early trade today on fresh selling of the US currency by banks and exporters. Dealers said fresh selling of the American unit by exporters and banks supported the domestic currency but dollar’s strength against other currencies overseas, ... Read More »