The RBI may revert to a more hawkish stance in August versus its stance in June
The currency closed at 60.1250/1350 per dollar, compared with 60.1025/1125 on Friday
The pair is seen in 59.95 to 60.20 range
The yield on the 10-year benchmark bond is expected to rise this week
Reserves had increased by $643.2 million to $317.03 billion for the week ended July 11
Total reserves had risen $643.2 million to $317.03 billion in the previous reporting week
The rupee is seen in 59.90 to 60.30 range during day
The domestic currency also snapped its two-day upmove when it had gained 21 paise against the US currency
Is seen in 59.90 to 60.20 range during the day
Analysts take divergent positions on which is the better company to bet if the merger happens
The rupee is seen in 60.00 to 60.30 range during day
Is seen moving in a 60.20 to 60.40 range during the day
Rupee is seen moving in a 60.00 to 60.50 range during day
In the previous week, reserves had risen by $614.6 million to $316.393 billion
During the week, rupee has slipped 35 paise or 0.58%
Investors turn defensive after MH17 crash near Ukraine-Russia border