The rupee fell from its morning highs on dollar buying by banks and importers and concerns on the timing of the tapering of the stimulus by the US Federal Reserve. 46 more words
Tags » Indian Rupee
After surging 0.5% on Wednesday on account of inflows tied to Power Grid share sale, the Indian rupee gained more than 0.75% in morning trade on Thursday on the back of a higher opening in local equities as opinion polls predict a strong performance by the BJP (Bhartiya Janta Party) in the recently concluded assembly elections in 5 states, the result of which is due on Sunday. 48 more words
The Indian rupee surged 0.5% on Wednesday, helped by foreign inflows tied to a $1.1 billion share sale from a state-run power transmission utility, even as other emerging market currencies were hit by fears of an early tapering of the U.S. 129 more words
The Indian rupee recovered from its intraday lows to trade stronger on mild dollar selling by banks and importers.
The tone for Asia was cautious as regional markets dropped ahead of the November labour report from the US, due to be out on Friday, a much-watched indicator used to gauge whether the Federal Reserve will start to roll back its bond-buying programme. 21 more words
The Indian rupee continues to trade with a negative bias as banks and importers are buying dollars on the back of a firm dollar overseas. The local equities too are trading marginally in the red. 37 more words
The rupee opened at 62.28 per USD as compared to yesterday’s close of 62.32.
The Indian rupee is trading weak in morning trade on the back of global dollar strength after data provided by the Institute of Supply Management showed that the US manufacturing index rose to 57.3 in November V/s 56.4 in October. 65 more words