Geojit Comtrade

The rupee ended slightly weaker on Wednesday as caution prevailed ahead of the outcome of the Federal Reserve's policy meeting later in the day, although broader sentiment remained positive following continued foreign inflows.

After crossing the 57 mark against the US dollar last week, the domestic currency is likely to remain under pressure in the near-term on the back of rising concerns over the current account deficit.

The rupee is likely to hover around the current level of 54.30 to the dollar in the near future in absence of any visible triggers, coupled with the lingering political uncertainties after the DMK pullout and the wavering of support SP, according to traders.

The Indian currency is expected to trade in the 55-56 range against the dollar in the coming week.

As concerns relating to both domestic as well as global economy continue, the already battered rupee is likely to see more hammering this week and may touch the 58 level to a dollar, after hitting historic lows on Friday, industry experts have said. "After breaching the strong resistance level of 57.30 to a dollar, the rupee may touch 58 level in t...

The rupee ended slightly weaker on Wednesday as caution prevailed ahead of the outcome of the Federal Reserve's policy meeting later in the day, although broader sentiment remained positive following continued foreign inflows.

After crossing the 57 mark against the US dollar last week, the domestic currency is likely to remain under pressure in the near-term on the back of rising concerns over the current account deficit.

The rupee is likely to hover around the current level of 54.30 to the dollar in the near future in absence of any visible triggers, coupled with the lingering political uncertainties after the DMK pullout and the wavering of support SP, according to traders.

The Indian currency is expected to trade in the 55-56 range against the dollar in the coming week.

As concerns relating to both domestic as well as global economy continue, the already battered rupee is likely to see more hammering this week and may touch the 58 level to a dollar, after hitting historic lows on Friday, industry experts have said. "After breaching the strong resistance level of 57.30 to a dollar, the rupee may touch 58 level in t...