To take cues from FOMC meeting outcome
Falls to 58.91/dollar, fractionally less than record low of 58.98 hit last week
Renewed demand from banks and importers in view of sustained foreign capital outflows affects rupee
The minimum bed size requirement may impact maternity homes the most
Rupee finally ended at 58.77 per dollar, showing a loss of 90 paise or 1.56%
Might go up as Reserve Bank stays hawkish; to dent banks' trading profit
CEOs say cut in interest rates an essential element to bring positive sentiment into market
Future cuts to depend on durable receding of inflation; Wait for lower EMI gets longer
Given the cost of funds and pressure on margins, need prior movement on these, reiterate bankers
High volatility in foreign institutional investors' flows underscore challenges in financing the gap
From inflation, central bank shifts focus to rupee stability and capital flows
CEOs say cut in interest rates an essential element to bring positive sentiment into market
At the Interbank Foreign Exchange (Forex) market, the local unit resumed weak at 57.70 a dollar and moved in a range of 57.55 and 57.90
At present, repo rate stands at 7.25%, CRR at 4%
The industry urged the central bank to consider a rate even before the next monetary policy review on July 30