The rupee is
now seen appreciating v/s the US dollar after a strong upsurge in local share
indices backed by possible FII inflows. As expected the USDINR dropped to 55
mark and currently quoting around 54.98. It is one of the sharpest rise since
2-3 weeks. In the global market, dollar is weak v/s the euro and pound, and against
Asian currencies too. Market is waiting to see some good numbers from the US. Looking
at the current trend, the rupee may rise to 54.50 levels in next 2-3 sessions.
Source-bloomberg
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