INSUBCONTINENT EXCLUSIVE:
Rupee Vs Dollar Today: The rupee settled at 73.06 against the dollarThe rupee rebounded from yesterday's lows and inched higher by two
paise against the US dollar on Thursday, September 2, to settle at 73.06 (provisional) amid a sustained rally in domestic equities
American currency, registering a gain of two paise against its previous close
showed only fewer jobs were added in the US private sector than expected in the month of August
However, ISM manufacturing data pointed to some recovery after contracting last month
The upcoming United States payrolls report Friday may offer some clues on their economic outlook
If more numbers are added we may see reversal in dollar and some guide on timing of tapering.So far, rupee had been supported majorly on
account of corporate and IPO inflows and the absenteeism from intervention in the spot market by the BIG bull
However, with rupee not being able to cap gains beyond 72.90 levels and moving back towards 73.15 levels, suggest that RBI could be back in
Going ahead, it will be watchful whether RBI continues the loosening grip or hovers back to pack the dollars.''On the domestic equity market
