The rupee started weak at 64.05 from its previous close of 63.97 at the Interbank Foreign Exchange (Forex) market
Forex dealers said a weakening dollar against other currencies overseas supported the rupee
Higher dollar overseas amid continued capital outflows kept the rupee under check, forex dealers said
Possibility of US rate hike, hedging costs to act as dampener
Sustained selling of the US currency by exporters and banks helped the rupee
Flows into NRI deposits witnessed a healthy jump of $2.35 bn in April 2015
Appreciation of the US currency overseas affected the rupee
The fall is expected on concerns that the US Fed might give a hawkish guidance
The limit has been set at not more than 500 bps above yield on the G-sec
Registering a gain of 0.25% the currency concluded at 63.92
Fresh selling of the American currency by exporters and banks helped the rupee
Rupee ended 64.09 compared with previous close of 63.76
Capital outflows also weigh on rupee
Increased demand for the dollar from importers and banks weighs on the local currency
Bond traders believe the fall in yields might continue but the scope for further decline is limited
Option to build a health fund, discount in premia for healthy behaviour and linking premium to retail inflation are some of the suggested changes
Foreign currency assets rose by $980 mn to $328 bn
Fresh selling of the greenback by banks and exporters in view of good foreign capital inflows helped the currency strengthen
Impending US Fed rate hike, economic stuggles to keep rupee down