Rupee edges down, off 11-month highs

Tags: Rupee, News
The rupee is trading at 58.64 per dollar versus its previous close of 58.59/60.

The

RELATED ARTICLES

rupee hit an 11-month high of 58.32 per dollar on Monday, on the back of strong foreign buying into shares.

Overseas investors bought Indian shares worth 13.50 billion rupees ($230.83 million) on Monday, provisional exchange data showed. Foreign inflows have surged to $2.2 billion in May so far already, much above the $1.6 billion seen last month.

Since Sept. 13, when Narendra Modi was announced as the prime ministerial candidate for the Bharatiya Janata Party, foreign inflows have soared to nearly $14.3 billion, exchange data shows.

The rupee is seen moving in a 58.40 to 58.80 range during the session.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • Redefining the age of minors from 18 to 16 makes sense

    An issue that’s been simmering since the horrific gangrape of December 2013 is finally being laid to rest.

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

TODAY'S COLUMNS

Urs Schoettli

The difficulties with war history

There have been a series of commemorative events lately. Last ...

Anish Chakraborty

Betting big on Pascal’s wager

Blaise Pascal was a 17th century French philosopher mathematician and ...

Bubbles Sabharwal

The five cardinal rules of urban snobs

Believe it or not there is the unspoken-of society of ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture