Rupee edges up; strong shares boost

Tags: Rupee, News
The rupee is trading at 58.43/44 versus its Friday's close of 58.52/53, tracking gains

RELATED ARTICLES

in the domestic sharemarket ahead of prime minister designate Narendra Modi's swearing in ceremony later in the day.

Traders are keenly awaiting the allotment of cabinet portfolios.

The pair is seen holding in a 58.30 to 58.60 range during the session.

The BSE Sensex is trading up 1.3 percent.

Gains in other Asian currencies versus the dollar also likely to hurt the pair.

Traders will, however, remain watchful of RBI intervention to buy dollars in case the pair slips sharply.

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E-mail ID will not be published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

  • Media obsession with his layoff smacks of lack of focus

    Pretty much like his abrupt vanishing act had done 50-odd days ago, Congress vice president Rahul Gandhi’s return on Thursday from a long and myster

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

Varun Dutt

<b>Riskfactor</b>: Oblivious to reality

The hostile media effect, originally deemed the hostile media phenomenon, ...

Zehra Naqvi

Sensual wordplay

The student of literature looks for form and structure. The ...

Bubbles Sabharwal

The bitter cold heart of life

Life has a heart just as we do. Most times ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture