A rate cut would also lead to a further fall in yields
The currency has dropped by 0.7% in the last three days
Strong US economic data helps dollar; weak equity market weighs on rupee
Is expected to follow with another rate cut in December
The domestic currency moved in a range of 63.60-64.050 per dollar during the day
The currency had ended lower by 0.08% yesterday
Respondents say benign inflation and growth imperative may prompt repo rate action; bankers say policy transmission only if there is a CRR cut
A structural improvement taking place in public sector banks, with the government and RBI laying the foundation for an efficient governance system
The dollar's gains against other currencies overseas affected the rupee
The rate cut will encourage other players to follow suit. This should at least help struggling sectors like MSMEs, automobiles and housing finance, to some extent
Sheds 13 paise at 63.65 on sustained demand for greenback from banks and importers due to its rise in overseas market
Forex dealers attributed the fall to the dollar's strength on jump in US core inflation
During the week gold reserves remained unchanged at $ 19.34 billion
Expectation of foreign capital inflows following strong recovery in the equity market boosted the rupee value
Continued selling of dollar by banks, exporters helps
According to experts, the government and the central bank also want this gradual depreciation
According to a forex dealer, good foreign capital inflows also boosted the rupee value against the dollar
Fresh selling of the US currency by exporters helped the rupee