RBI's rate cut by 0.25% supported the rupee
But further rally in bonds may be limited
Dollar's weakness against Asian currencies helps rupee
The local currency dropped to 62.23 per dollar
Their daily buying on most days is now about $250 mn, against about $500 mn around the time prices began to slide sharply
Average dollar buying by OMCs down to $200-250 mn from $600 mn six months ago
The currency was up on persistent selling of dollars by banks and exporters on hopes of capital inflows into domestic markets
RBI might continue to mop the flows to build foreign exchange reserves
Riding high on hope that demand for emerging-market assets will sustained amid the prospect of future euro-area stimulus, Indian currency touches 62.33
Forex dealers attributed the boost in rupee to weakness in the dollar in overseas markets
It opened at 63.21 and during intra-day trades it touched a high of 62.59 before closing at 62.67
These funds offer investors greater protection against interest rate risks
The currency rebounded on fresh dollar selling by exporters and some banks
FII limit in government securities nearly reached
Indian currency falls to 63.57 against dollar; experts fear it might breach 64-a dollar mark
The currency met with strong resistance following crash in local stocks
Asset quality issues abate; lower interest rates, marginal pick-up in credit demand to drive earnings
For the week under review, Special Drawing Rights fell by $13 mn to $4.19 bn
Bullish domestic equities largely lifted the rupee sentiment, says a forex dealer