- Indian rupee falls 36 paise to 62.26 against US dollar, hits one-month lowRupee trims initial losses, trades at 62.35 vs dollarIndian rupee has first gain in New Year, up 10 paise to 62.16 vs US dollarRoller-coaster day for Indian rupee against US dollar, outlook between 61:60/70 and 62:70/63:00
long as inflation behaves in line with expectation, we are unlikely to see a large rate action. This should allow the long bond to rally and yields to drop over a period of time,” said Nigam.
“Liquid funds and ultra short-term categories have given exceptionally high returns in the last two years and investors should temper their returns for 2014. However, other categories could give decent returns if interest rates decline,” said Vidya Bala, head, mutual funds research, FundsIndia.com.