Jewellers resume buying gold, diamonds as rupee rise pauses Business Standard The 6000-odd registered jewellers in the country seem to have again started booking raw material, believing the recent sharp recovery in the rupee's exchange rate is over for now and a further rise is unlikely in the near future.
Firm rupee may neutralise sugar export move Hindu Business Line Besides, since January 1 the rupee has strengthened against the dollar by Rs 4.15 to Rs 49.18, making Indian sugar costlier in the global market. The 10-lakh-tonne-quota allowed for exports in November 2011 has not been completed yet.
Expect rupee near 49 vs dollar for next few weeks: Paul Mackel, HSBC Economic Times Excerpts ET Now: The Indian rupee saw a very strong increase of as much as 7% in January. Now those gains seem to be somewhere getting consolidated. What would the outlook on the rupee be and where do you see it ending the current quarter at?
