Few economists suggest hikes in CRR while others believe it would be through careful liquidity calibration through various liquidity windows
Improved current account deficit to check outflows
The partially convertible rupee closed at 62.07/08 per dollar compared with 62.30/31 on Tuesday
Strong Asian cues also help rupee
The partially convertible rupee closed at 62.30/31 per dollar compared to 62.31/32 on Monday
Dollar demand by importers, corporates affects rupee
New guidelines by RBI on card usage will make it difficult for swindlers to dupe cardholders, but customers say security has come at the cost of convenience
Dealers say RBI may have sold dollars to prompt exporters to sell the greenback
According to the global brokerage, the July tightening measures have pushed recovery beyond June 2014
A positive outcome on inflation or bond switch can push the yields lower from the currently attractive levels though
"The rupee might trade in a range of 61.75 to 62.50 this week. This bias is more towards strengthening," said a currency dealer with a PSB
FCAs shot up by $164.3 million to $268.634 billion in the week under review: RBI
RBI was seen selling dollars in the forex market from 62.50 rupee levels to support the rupee
Strengthening of the dollar globally affects rupee
The partially convertible rupee closed at 62.26/27 per dollar compared with 61.91/92 on Wednesday
Dealers say a large petrochemical company bought dollars