Indian rupee hits 21-month high, Breaks below 64

[sid_22]

The rupee appreciated 0.45 percent in early trade on Wednesday, tracking rallies in global equity markets. It hit a 20-month high of 63.93, thereby breaching the 64 mark against the US dollar.

The rupee opened at 64.16, up from the 64.27 level it closed at on Tuesday. At 10:35 IST, it was trading at 63.98 against the dollar, up 0.45 percent from its previous close.

Dealers said that the rally in the rupee was primarily because of a few large corporates, which sold the dollar heavily earlier in the session at 64.15-64.17 levels. According to a dealer with a foreign bank, this was done with an intention to cause some panic among exporters and other corporates who haven’t hedged their positions, thereby pushing them to sell at lower prices and making a quick profit.

Custodian banks too continued to sell dollars for their foreign investor clientele on Wednesday, in order for them to invest in Indian securities. The rise in the rupee was also partly due to general weakness in the greenback, which has depreciated 2.4 percent since April 7.

 

50 ayyithe India ki shift ayyipodam better.............Trump thatha already cheppadu USD should go down to take on China and boost manufacturing &  exports.

[sarvamangalam]

wah wah 

it will come down to 50 soon

[ARYA]

[Android_Halwa]

asale appulu vunai vaya india la...credit cardula mida oka 25% interest kadtunna..

daniki todu 68 kelli 64 ayindi...cardlu kattale, car loan kattale...bongu la jeevitham paisal mugultaledu vaya...

sappudakkakunda ida dukan bandh chesi india ki poindi better..thu denamma jeevitham..

mari inthe time bad nadustundi endi bhai

[Peddayana]

There is some website where there is a rupee forecast for the rest of the year , it says that rupee will go down to 60.** somewhere in Oct/Nov and then bounce back to 63-64 levels by May next year

[srshb445]

inka coming days lo perige chances emi kanapadatledu.....

[princeofheaven]

35 aithe US ki 

[srshb445]

6 minutes ago, Peddayana said:

There is some website where there is a rupee forecast for the rest of the year , it says that rupee will go down to 60.** somewhere in Oct/Nov and then bounce back to 63-64 levels by May next year

what is that website......okasari link pettu ikkada

[sandie]

epudinka Namo ni praise chestharu

[Peddayana]

8 minutes ago, srshb445 said:

what is that website......okasari link pettu ikkada

There are several , one I referred to is here : http://dollarrupee.in 

There is one more which forecasted till 2020  https://longforecast.com/usd-to-inr-forecast-2017-2018-2019-2020-2021-indian-rupee

Might be total masala though

[JaMbU]

4 minutes ago, sandie said:

epudinka Namo ni praise chestharu

vaaarniee asalu inkaa evaduu aa maaate ettaledu.. appude edupaaa???

[ronitreddy]

1 hour ago, Android_Halwa said:

asale appulu vunai vaya india la...credit cardula mida oka 25% interest kadtunna..

daniki todu 68 kelli 64 ayindi...cardlu kattale, car loan kattale...bongu la jeevitham paisal mugultaledu vaya...

sappudakkakunda ida dukan bandh chesi india ki poindi better..thu denamma jeevitham..

mari inthe time bad nadustundi endi bhai

59 ki kuda asthadi anta man

[michaeljackson]

1 hour ago, Android_Halwa said:

asale appulu vunai vaya india la...credit cardula mida oka 25% interest kadtunna..

daniki todu 68 kelli 64 ayindi...cardlu kattale, car loan kattale...bongu la jeevitham paisal mugultaledu vaya...

sappudakkakunda ida dukan bandh chesi india ki poindi better..thu denamma jeevitham..

mari inthe time bad nadustundi endi bhai

ne yavva UK election paris election malla ee north korea tension lu ante manakem undi le anukunna gee rakam ga untadi anukole bhay

 

[Srimantudu]

7 minutes ago, ronitreddy said:

59 ki kuda asthadi anta man

[megadheera]

1 hour ago, Android_Halwa said:

asale appulu vunai vaya india la...credit cardula mida oka 25% interest kadtunna..

daniki todu 68 kelli 64 ayindi...cardlu kattale, car loan kattale...bongu la jeevitham paisal mugultaledu vaya...

sappudakkakunda ida dukan bandh chesi india ki poindi better..thu denamma jeevitham..

mari inthe time bad nadustundi endi bhai

Ee badhalanni kattevallaki.. why you are worrying. Nuvvelagu jump jilani kada