Markets: Eerie calm

Markets: Eerie calm

it is not clear when market sentiment can change; as in the past, it can be quite sudden.
At a turn and yet not

At a turn and yet not

RBI could be tempted to cut policy rate to support growth at its bi-monthly review.

Indian rupee extends gains; lack of US dollar supplies hurts; seen in 59.60 to 60.10 range

Jul 07 2014, 13:01 IST
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SummaryIndian rupee at 60.00/01 versus its Friday's close of 59.72/73, as lack of US dollar...

Indian rupee at 60.00/01 versus its Friday's close of 59.72/73, as lack of US dollar supplies on account of the U.S. markets holiday hurts while caution also prevails ahead of the budget on Thursday.

Asian currencies trading mixed versus the dollar.

The US dollar edged higher on Monday and touched its highest level in more than a week versus a basket of major currencies, staying on firm footing in the wake of last week's solid U.S. jobs data.

Local shares up 0.2 percent.

Indian rupee is seen moving in a 59.60 to 60.10 range during the rest of the session.

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