The Indian rupee may rise sharply at the open on 23 January to around 39.30 per dollar, with traders saying the U.S. Federal Reserve’s 75 basis point cut in interest rates could encourage capital inflows into India. The partially convertible rupee ended at 39.48/49 per dollar on 22 January, above 21 January’s close of 39.555/565 and well off an intraday low of 39.78, which was the weakest since 29 November, Reuters data showed.
Mints
http://www.livemint.com/2008/01/
23091931/Indian-rupee-may-rise-after-Fe.html
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