Generally, when there is a rate cut, the local currency should depreciate
Companies sourcing locally and having limited pricing power more vulnerable
Foreign fund inflows and a higher opening in domestic equity market supported the rupee
Foreign investors in March and April have turned unusually bullish on India
The rupee has risen mainly on the back of FPI inflows
The recent rupee move is partly frothy and may fade: Edelweiss
On Friday, rupee had gained 11 paise to close at a fresh 4-month high of 66.60 against dollar
Dealers attributed the rupee's fall to increased demand for the US currency
With a US Federal Reserve interest-rate increase next month all but a certainty for bond traders, the rupee has slumped 2.6 per cent in November, the most in 15 months
The Indian currency, which opened at 66.44 to a US dollar, had already depreciated in the initial hours of the day's trade