Login ID:
Partner Login
Contact Us : 7066511911

Weekly: Rupee Likely To Remain Under Pressure

13 May 2019 10:17 am
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

MUMBAI (Commoditiescontrol) - Indian rupee last week settled around 69.90 against the dollar.

Rupee revered towards the weekend on reports that the US is expected to remove India from its currency manipulation watch list.

However, rising crude oil prices, US-China trade standoff, tensions in middle east, sustained outflows of FIIs and sell –off in the equity markets may keep rupee under pressure ahead of May 23 lok sabha results.

Rupee may retest 70.20-70.30 going forward.

(By Commoditiescontrol Bureau)

  Rate this story 1 out of 52 out of 53 out of 54 out of 55 out of 5 Rated

   Post comment
Comment :

Note : This forum is moderated. We reserve the right to not publish and/or edit the comment on the site, if the comment is offensive, contains inappropriate data or violates our editorial policy.
Name :  
Email :  

Top | Post Comment  

Latest Special Reports
Weekly: Weakness May Continue In Rupee On Widening Trad...
Weekly: Indian Rupee May Stay Range-Bound Ahead
Weekly: Indian Rupee May Extend Gains
Top 5 News
Stock Position Of Veg Oil (Edible Grade ) On 24.06.2019...
Weekly: Uptrend Likely To Continue In Gold Prices
WEEKLY Black Pepper: Prices Start Recovering After Cons...
Weekly Red Chilli: Prices Move Up For Good Quality Spic...
Weekly Jeera: Prices Soften On Limited Export Demand
Top 5 Market Commentary
Tur Remains Weak At Selective Markets
Domestic Sugar Prices Steady On Limited Buying
Cottonseed Oil Cake Prices Witnessed Downtrend in Spot ...
Mumbai Pulses Market Settles Flat
Indonesia PM Cash Market Prices for Palm Oil - June 24
Copyright © CC Commodity Info Services LLP. All rights reserved.