Rupee edges up; market is likely to be flows driven

Tags: Rupee, News
The rupee is trading at 61.98/99 per dollar versus Monday's close of 62.07/08. Asian

RELATED ARTICLES

currencies trading with gains.

Dealers say the market is likely to be flows driven, 61.85-62.20 band for the session.

The pair is expected to trade in a 61.80 to 62.20 band during the session, dealers say.

The dollar steadied against its rivals in early Asian trade on Tuesday as traders sought more clarity on the pace of the U.S. economic recovery after a series of soft data releases in the past few weeks.

Overseas investors have been net buyers of nearly $450 million over the last nine sessions.

Asian share markets regained some altitude on Tuesday courtesy of a tailwind from Wall Street which sped to historic highs amid more mergers buzz, while gold extended its recent rally.

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E-mail ID will not be published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

  • Kerala, god’s own country, will always be free spirited

    Candy is dandy, but liquor is quicker,” the celebrated American poet Ogden Nash had once said famously.

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

Varun Dutt

<b>Riskfactor</b>:The over-the-top effect effect

The overconfidence effect is a bias in which someone’s subjective ...

Parvez Imam

The absoluteness in representations

When a representation replaces the original object or subject, a ...

Dharmendra Khandal

Religion and conservation must go hand in hand

In 1986, former president of WWF International, HRH Prince Philip, ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture