Expects Governor Raghuram Rajan to strike a dovish note to keep the door open for further rate cuts
The currency has lost 61 paise, or 0.96%, in the last four trading days
Bond traders believe that yields are biased towards rising
Month-end dollar demand from importers and a weak opening in the domestic equity market weighed on the rupee
Persistent fall in equity market affected the currency value against the dollar
Foreign currency assets were down 982.1 million to $328.93 billion for the week ended July 17
This is at odds with its earlier draft, which had proposed entrusting the governor with such powers in case of a conflict with the view of most members of the MPC
Appreciation of the American currency against other major currencies globally affected the rupee
Banks and importers preferred to increase their dollar position in view of higher greenback in the overseas market, said forex dealers
Increased demand for the dollar from importers affected the rupee
Tactics include targeting smaller borrowers with aggressive 'name and shame' campaigns, putting pressure on investors or executives at larger firms
The dollar index was up by 0.09% against a basket of six currencies in late afternoon trade today
Govt worried it will have to pay higher yields as it prepares to raise more debt
The rupee ended at 63.67 compared with Friday's close of 63.47
The local currency moved in a range of 63.67 and 63.53 during the day
Says poor rains pose a temporary 250 basis points inflation risk