Thursday, August 25, 2011

Stability in equity mkt to provide support to rupee: Alpari


Stability in equity mkt to provide support to rupee: Alpari








Pramit Brahmbhatt of Alpari India said stability in equity market would provide support to the rupee.
"However seasonal demands from importers & FII selling could weigh on the currency. The range for the day is seen between 45.80-46.10/USD," he added.


Sandeep Bagla of ICICI Securities Primary Dealership said, "The bond market is likely to be rangebound in the absence of any major overnight cue. The undertone for assets and commodity markets remains weak. The 10-year yield is seen between 8.23-8.28%."

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