Rupee edges up on hopes of foreign fund inflows

Tags: News
Rupee trading at 60.22/23 versus its close of 60.30/31, as the dollar makes losses versus other Asian currencies with hopes of foreign fund inflows into the local sharemarket continuing to cheer.

Foreign investors bought shares worth $26.73 million on Monday, a fourth straight day of purchases. The Nifty is trading up 0.43 percent in preopen trade, raising hopes for more foreign fund inflows.

Traders, however, expect some dollar demand from importers during the session, which will limit any sharp gains in the rupee. The Indian unit is seen moving in a 60.10 to 60.50 range during the day.

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E-mail ID will not be published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

  • Prabhu Express has trundled into town with a cargo of feel-good promises

    Railway minister Suresh Prabhu, punning on his own name, sought divine intervention more than once while delivering his maiden rail budget last Thursd

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

Taslima Nasreen

The death of a liberal humanist

I first met Avijit Roy about 15 years ago. He ...

Purnendu Ghosh

Context is important in colour choices

Colours reflect power, optimism, warmth, emotion and balance. Colours are ...

Shona Adhikari

Art world celebrates two ‘new’ Cezannes

The focus moves once more to post-impressionist Paul Cezanne, who ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture