By the year-end Divya Devesh Asia FX Strategist Standard Chartered Bank expects rupee at around 65 to the dollar on back of medium-term positive factors.
Posts tagged MC
See rupee at 65/$ by year-end, near-term 66.75/$: StanChart (18-09-2015)
Sensex, Nifty extend rally; rupee at 66/$, Tata Motors down (18-09-2015)
Banks are leaders in rally with the Bank Nifty up 500 points, especially after media report indicated that the government is considering increasing foreign direct investment (FDI) limit in private banks to 100 percent. HDFC Bank, ICICI Bank and Axis Bank jumped 3-4 percent. HDFC was up 2 percent and SBI gained 3 percent.
Ambit’s Holland sees Nifty testing 10,000 by yearend (18-09-2015)
Taking a contrarian view, Andrew Holland, CEO, Ambit Investment Advisors, says he expects the Nifty to trade closer to 10,000 by the yearend and that the Federal Reserve’s decision to not hike interest rates will not result in uncertainty.
Tata Motors falls 4%, Tata Steel may have sold stake in co (18-09-2015)
Tata Steel today morning said based on the review of its portfolio, it was proposing to sell equity shares of face value of Rs 2 each of Tata Motors to institutional investors over the stock exchange for a value not exceeding Rs 1,250 crore.
Mkt to be stable hereon; eye auto, banking, NBFCs: Choksey (18-09-2015)
Deven Choksey of KR Choksey Investment Managers told CNBC-TV18 that the Indian market has seen everything like withdrawal of cash and fall in currency and that market will stabalise in the September to December period.
Cognizant appoints ex-PepsiCo Prez Zein Abdalla to Board (18-09-2015)
Abdalla was most recently President of PepsiCo, Inc, a global food, snack and beverage company from September, 2012 through his retirement in December 2014.
Sensex up over 250 pts, Nifty opens above 7950; banks zoom (18-09-2015)
Bouyed up by Federal Reserve’s decision, the market has opened with a bang on Friday. The Sensex is up 226.10 points or 0.9 percent at 26190.07 and the Nifty gains 68.30 points or 0.9 percent at 7967.45. About 420 shares have advanced, 63 shares declined, and 24 shares are unchanged.
How Indian traders should cope with post Fed volatility (18-09-2015)
The Indian market would have preferred the Federal Reserve hike interest rates and get it out of the way. But now that it decided overnight to not do it, the sword of uncertainty hangs heavy.
Nifty unlikely to break below 7830; like Zee Ent: Bose (18-09-2015)
Although there was no action from the Fed, Rajat Bose expects some positive news from the RBI on September 29.
Rupee opens at two-week high, rises 31 paise to 66.15/USD (18-09-2015)
We see the range for the USD-INR between 66-67/dollar, says Pramit Brahmbhatt of Veracity.