Rupee edges up; stocks eyed

Tags: News
The rupee is trading at 62.13/14 per dollar versus its previous close of 62.2825/2925. The USD/INR pair is seen moving in a 62.00 to 62.40 range during the day.

Traders will watch domestic shares, currently trading up 0.2 percent, for cues on foreign fund flows.

While the rise of 113,000 U.S. payrolls was well short of a forecast increase of 185,000, the details were not bad enough to sway the Federal Reserve from steadily winding down its bond-buying stimulus.

Asian markets made guarded gains on Monday, encouraged that Wall Street was able to weather a seemingly disappointing U.S. jobs report, though there is more than enough event risk ahead to keep investors cautious.

EDITORIAL OF THE DAY

  • Annual reports make sense only if accountable governance is in place

    It’s a sign of a lack of imagination to expect an annual report by a party in power to pull out some impressive performance given the complex nature

FC NEWSLETTER

Stay informed on our latest news!

TODAY'S COLUMNS

Amita Sharma

Political rhetoric makes for counter poetry

Poetic flourishes flavour politics. Ghalib and Hafez flowed profusely to ...

Zehra Naqvi

Watch your words, for they can kill

You must’ve heard the ph­rase ‘if looks could kill’. Ever ...

Dharmendra Khandal

Biodiversity day has come and gone. Yet again

Every year on May 22, world celebrates international biodiversity day. ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture