The Rupee on Wednesday ended at 49.15/16 to the dollar,
marginally up from Tuesday's close of 49.19/20, after moving in a wide
48.9850-49.2550 band, an indication of the fragile sentiment.
People in the industry are of the opinion that the market
prices may react to the Dollar movement against the Rupee. A stronger Dollar
may make imports expensive and push up the local prices too.
Experts feel that predicting Dollar movement is one
hurricane task and speculating markets in present conditions may not be a good
idea.
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