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 Perils of an ad hoc forex policy
 Rupee depreciated by 17 paise to Rs 45.62 a dollar in early trade
 Rupee strengthened by 7 paise against dollar
 Rupee up by 4 paise against dollar in early trade
 Rupee falls by 18 paise at 4-week low against dollar
 Rupee drops on weak shares; inflation eyed
 Rupee raises 6 paise against dollar in early trade
 Rupee among most traded in futures market
 Indian rupee gain 12 paise against US dollar
 Rupee marginally rise up by 1 paise against US dollar
 Rupee drops tracking euro, choppy shares

Expect rupee to appreciate against dollar
August, 02nd 2010

Karvy Forex Research has come out with a research report on currencies. The broking firm expects rupee to appreciate against dollar.

The report says, "The Asian equity market opened on positive note. Asian economy gathering growth momentum as companies declared positive corporate profit and expectation global economy recovery. Moreover, yen dropped against Euro and Dollar as it taking cues from global economy recovery seen in European and US market.

Sensex is likely to follow the league, expecting firm opening and increase in capital inflow into the market. Moreover, the dollar index gauge of major six currencies shedding against Euro and Sterling.

Investor should keep watch on dollar index movement as it would be cues for the rupee movement. Day ahead, we are expecting rupee to appreciating against dollar."

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