Rupee edges up; stocks eyed

Tags: Rupee, 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

  • Sebi’s guidelines for commodity bourses will help farmers get fair price

    As the timeline for the proposed merger of the Forward Market Commission (FMC) with the Securities and Exchange Board of India (Sebi) comes closer, th

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

TODAY'S COLUMNS

M S Swaminathan

State must intervene to end farm distress

The persistence of farmers’ suicides inspite of the several programmes ...

Zehra Naqvi

Why lie, not like, drives Facebook

So much has been written about how social media and ...

Gautam Gupta

It's a 'blog eat blog' world out there

Let me tell you, fashion journalism has truly taken the ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture