Rupee edges lower tracking weak shares; fund flows eyed

Tags: Rupee, News
The rupee is trading at 59.28/29 versus its close of 59.20/21 on Monday tracking

RELATED ARTICLES

weakness in the domestic sharemarket.

Traders will continue to monitor foreign fund flows into domestic share and debt market for direction. Foreign investors bought a net $826.9 million in debt markets on Friday, the highest single-day flows since Jan. 15.

The pair is likely to see some resistance around 59.40 levels, holding it in a 59.20 to 59.40 range for the day.

Local stocks trading down 0.21 percent.

Most other Asian currencies also weakened against the dollar.

The dollar held steady versus a basket of major currencies on Tuesday, clinging to gains made the previous day thanks to higher U.S. bond yields after last week's solid U.S. jobs report.

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E-mail ID will not be published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

  • Sebi’s new listing norms should protect small investors

    There has been a long-standing debate on what should be the liability of individual promoters and directors in case a company does not meet its obliga

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

Roopen Roy

Building smart cities the Indian way

Today more than half of the world’s population lives in ...

Rajgopal Nidamboor

The biology behind cultivated wisdom

We are our habits and our behaviour. We are our ...

Gautam Gupta

Why must innerwear be our best kept secret?

While women’s outerwear rules the marketing roost in India, unfortunately, ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture