Rupee edges higher in line with other Asian pairs

Tags: Rupee, News
The rupee is trading at 61.29/30 versus its close of 61.08/09 on Friday, tracking losses in most other Asian currencies after the better-than-expected U.S. payrolls data.

Traders expect the pair to hold in a 61.15 to 61.45 range during the session.

Domestic shares trading flat to slightly weaker in early trade and will be monitored for cues on foreign fund flows. .BO

Asian stocks slid on Monday and the dollar stepped back from its recent highs as disappointing Chinese trade data and uncertainty over the crisis in Ukraine kept risk appetite in check.

U.S. non-farm payrolls came in stronger-than-expected with data showing employers had added 175,000 jobs to their payrolls last month, up from 129,000 new positions in January.

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E-mail ID will not be published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

  • The world is moving away from fast food like never before

    Despite spending $1.8 billion every year on worldwide advertising and promotion, McDonald’s sales are plummeting.

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Urs Schoettli

It’s time for Japan to step out of its shell

The execution of a Japanese hostage by ISIS has sho­cked ...

Zehra Naqvi

The urge to tell stories

One wants to tell a story, like Scheherzade, in order ...

Bubbles Sabharwal

Truth about truth

The question to ponder is, “is it the truth because ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture