Rupee almost flat, focus shifts to coal ruling

Tags: News
The rupee is trading at 60.5075/5150, near its previous close of 60.4950/5050.

Caution sets in ahead of the Supreme Court's hearing on Monday on whether to cancel coal blocks.

Cancellation could spark more coal imports and widen trade deficit, some analysts warn.

Wariness on Ukraine's deepening crisis also weighs on sentiment.

But better-than-expected April-June GDP seen as a relief.

The euro hits one-year low on Monday ahead of ECB meeting this week.

EDITORIAL OF THE DAY

  • Dictating retail price of a commodity goes against the grain of free market economy

    The Centre’s suggestion to states to cap prices of pulses and edible oils seems to indicate a bankruptcy of ideas in the government.

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