During the previous week, the rupee strengthened to 44 levels. The reasons behind were associated to the upturn of dollar during the first week in the global markets and another basis was the short trading week in India because of two holidays happening in the same week.

During the said week, traders were not taking positions as when it is a regular week. And at the end of the week, the dollar went down behind the lower US data. With this occurrence the gold saw new highs. And just last week, the rupee set a new trend and the people saw the strengthening rupee.

For next week, people are still expecting the same trend in the rupee because of the weak dollar fund flow into Indian equity markets. And as a result the rupee might be hitting 44 levels once more. As a proof, the trading range for rupee is between 44.10 and 44-40. On the other hand, in the global markets, the euro debt is still a very huge concern.

The euro crisis, though, is not a surprise to the market as well as the reasons behind the crisis. And there is also a probability of oil prices to reach 110 levels again. But this news does not have any affect on the dollar-rupee movement as of the moment.