 "Rupee might weaken on strong dollar")
The rupee ended at 63.30 to a dollar on Friday, against the previous close of 63.36. It recovered from initial losses in early trades due to dollar sales by banks and exporters
The rupee could weaken this week against the dollar, as the latter is expected to continue appreciating globally amid the US economy's outperformance. Bond yields, on the other hand, could see range-bound trading.
This month, Consumer Price Index (CPI)-based data is expected for December and the inflation could rise marginally, as the favourable base effect vanishes.
It had ended at 63.30 on Friday, compared with Thursday's 63.36. The rupee recovered from initial losses in early trade due to dollar sales by banks and exporters.
CPI inflation had risen nearly 4.4 per cent year-on-year in November 2014, the slowest since January 2012.
Falling crude oil prices helped bring down costs for the country, which imports about 80 per cent of its demand.
A bond trader with a state-run bank said, "The yield in the 10-year bond may trade in the range of 7.8 to 7.9 per cent this week."
The yield had ended at 7.87 per cent on Friday, compared with Thursday's 7.88 per cent.
The rupee could weaken this week against the dollar, as the latter is expected to continue appreciating globally amid the US economy's outperformance. Bond yields, on the other hand, could see range-bound trading.
This month, Consumer Price Index (CPI)-based data is expected for December and the inflation could rise marginally, as the favourable base effect vanishes.
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"The rupee may trade between 63 and 63.70 to a dollar this week." said Ashutosh Khajuria, president (treasury), Federal Bank.
It had ended at 63.30 on Friday, compared with Thursday's 63.36. The rupee recovered from initial losses in early trade due to dollar sales by banks and exporters.
CPI inflation had risen nearly 4.4 per cent year-on-year in November 2014, the slowest since January 2012.
Falling crude oil prices helped bring down costs for the country, which imports about 80 per cent of its demand.
A bond trader with a state-run bank said, "The yield in the 10-year bond may trade in the range of 7.8 to 7.9 per cent this week."
The yield had ended at 7.87 per cent on Friday, compared with Thursday's 7.88 per cent.