- Rupee to get support at 51.24-51.54 range: Hitesh Daga
The rupee is expected to open flat to weak on Monday taking cues from global markets as Euro weakened in the European trade.
Rupee fall: Low margins lure more to futures tradeThe rise in the rupee’s volatility in the spot market has fuelled retail participation in the currency derivatives segment.
Rupee slide leaves a hole in currency traders' pocketsClients of five large retail broking houses had to cough up Rs 600 cr for the losses, and the activity in this segment has dwindled.
- Dollar-rupee in bearish zone
Technically, the range for dollar rupee spot is between 45.66-45.77 and 46.30-46.50.
- Re in 45.30-45.49 range
The US dollar-rupee pair is expected to open flat to negative on Monday with support expected in the range of 45.10-45.13 spot.