Indian rupee weakened to a fresh nine-month lows of 62.23 vs US dollar

New Delhi | Updated: Dec 01, 2014 5:03 PM

Indian Rupee weakened to a fresh nine-month lows of 62.23 against US dollar levels spot...

Indian rupee weakened to a fresh nine-month lows of 62.23 against US dollar levels spot, as government eased the curbs on gold imports and economic growth for second quarter was weak.

However, exporter selling and FII sales brought the Rupee down towards 62.00 levels by the close of day. Over this week, we expect the pair to trade within a range of 61.60/80 and 62.30/40 levels on spot.

RBI monetary policy and US November jobs report will be key data points.

By Anindya Banerjee, currency analyst, Kotak Securities.

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1Paytm waives charges on merchant transactions; to absorb MDR of Rs 600 crore
2Yes Bank aims to disburse Rs 10,000 cr retail, MSME loans in December quarter
3LVB customers can access all services: DBS