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rupee outlook: Depreciation bias on horizon; rupee likely to test 76.50 level this year: Experts


NEW DELHI: Indian rupee is likely to test 76-76.50 levels as a relatively strong greenback, boiling crude prices and COVID headwinds deepen the depreciation bias for the domestic currency, according to experts.
One of the significantly-hit Asian currency in recent months amid uncertain economic times, rupee is expected to see a consolidation in the vicinity of the current level before being pulled towards the depreciation bias.
While the equity market has been surging with occasional blips, the rupee has mostly been weak against the US dollar in recent months. If the domestic currency fell 2 per cent against the greenback, the slump was much lower at around 0.18 per cent in July. ....

United States , Sriram Iyer , Sugandha Sachdeva , Gaurang Somaiyaa , Jateen Trivedi , Joe Biden , Senior Research Analyst At Reliance Securities , Currency Research At Religare Broking Ltd , Federal Reserve , Senior Research Analyst , Bullion Analyst , Vice President , Currency Research , Religare Broking Ltd , Reliance Securities , ஒன்றுபட்டது மாநிலங்களில் , ஸ்ரீராம் இயேற் , சுகந்தா சச்ச்தேவா , ஜடீன் திரிவேதி , ஓஹோ பிடென் , மூத்தவர் ஆராய்ச்சி ஆய்வாளர் இல் நம்பகத்தன்மை பத்திரங்கள் , நாணய ஆராய்ச்சி இல் மத தரகு லிமிடெட் , கூட்டாட்சியின் இருப்பு , மூத்தவர் ஆராய்ச்சி ஆய்வாளர் , பொன் ஆய்வாளர் , துணை ப்ரெஸிடெஂட் ,

Rupee may lose further ground as RBI's bond-buying plans dent sentiment: Analysts


updated: Apr 07 2021, 20:06 ist
 After logging its biggest single-day fall in nearly two years on Wednesday, the Indian rupee is expected to depreciate further as Reserve Bank s plan to purchase Rs 1 lakh crore-worth government bonds in the current quarter spooked sentiments.
Analysts said that Wednesday s loss wherein the rupee tumbled 105 paise to end the day at 74.47 against the US dollar has turned the rupee into Asia s worst performing currency so far this month.
Going forward, the domestic currency is expected to lose further ground and depreciate, they opined.
Some analysts said Reserve Bank s plan to buy government bonds worth Rs 1 lakh crore from the secondary market during the three months ending June 2021 is considered as a quantitative easing. The purchase of bonds under the government securities acquisition programme or G-SAP could go up to Rs 3 lakh crore in the current fiscal. ....

Rahul Gupta , Sugandha Sachdeva , Nilaya Varma , Dilip Parmar , Michaeld Patra , Currency Research At Religare Broking Ltd , Research Currency At Emkay Global Financial Services , Research Analyst , Reserve Bank , Head Of Research , Emkay Global Financial Services , Religare Broking Ltd , Governor Michaeld Patra , ராகுல் குப்தா , சுகந்தா சச்ச்தேவா , நிலயா வர்மா , நீர்த்துப்போக பார்மர் , நாணய ஆராய்ச்சி இல் மத தரகு லிமிடெட் , ஆராய்ச்சி நாணய இல் எம்காய் உலகளாவிய நிதி சேவைகள் , ஆராய்ச்சி ஆய்வாளர் , இருப்பு வங்கி , தலை ஆஃப் ஆராய்ச்சி , எம்காய் உலகளாவிய நிதி சேவைகள் , மத தரகு லிமிடெட் ,

rupee outlook: Rupee may lose further ground as RBI's bond-buying plans dent sentiment: Analysts


MUMBAI: After logging its biggest single-day fall in nearly two years on Wednesday, the Indian rupee is expected to depreciate further as Reserve Bank s plan to purchase Rs 1 lakh crore-worth government bonds in the current quarter spooked sentiments.
Analysts said that Wednesday s loss wherein the rupee tumbled 105 paise to end the day at 74.47 against the US dollar has turned the rupee into Asia s worst performing currency so far this month.
Going forward, the domestic currency is expected to lose further ground and depreciate, they opined.
Some analysts said Reserve Bank s plan to buy government bonds worth Rs 1 lakh crore from the secondary market during the three months ending June 2021 is considered as a quantitative easing. The purchase of bonds under the government securities acquisition programme or G-SAP could go up to Rs 3 lakh crore in the current fiscal. ....

Rahul Gupta , Sugandha Sachdeva , Nilaya Varma , Dilip Parmar , Michaeld Patra , Currency Research At Religare Broking Ltd , Research Currency At Emkay Global Financial Services , Research Analyst , Reserve Bank , Head Of Research , Emkay Global Financial Services , Religare Broking Ltd , Governor Michaeld Patra , ராகுல் குப்தா , சுகந்தா சச்ச்தேவா , நிலயா வர்மா , நீர்த்துப்போக பார்மர் , நாணய ஆராய்ச்சி இல் மத தரகு லிமிடெட் , ஆராய்ச்சி நாணய இல் எம்காய் உலகளாவிய நிதி சேவைகள் , ஆராய்ச்சி ஆய்வாளர் , இருப்பு வங்கி , தலை ஆஃப் ஆராய்ச்சி , எம்காய் உலகளாவிய நிதி சேவைகள் , மத தரகு லிமிடெட் ,