Rupee falls in early trade

Tags: News
The rupee is trading at 60.83/84 versus Tuesday's close of 60.6750/6850.

The USD/INR pair is likely to see some resistance in the 60.86-94 zone while there is good support at 60.58-60 levels, says a trader.

Dollar's gains versus other Asian units and majors aiding the pair.

Index of the dollar versus six majors up 0.08 percent.

The rupee is seen in a broad 60.50-61.00 range during the session.

Local shares to be watched for cues on fund flows. Nifty down 0.11 percent as of 9:37 a.m.

EDITORIAL OF THE DAY

  • The government must only sell PSU stocks that are in demand

    The government’s move to change the methodology of selecting merchant bankers for divesting stake in various public sector undertakings would save d

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

Taslima Nasreen

Gender stereotyping needs to end

It was around 1993 when some women working in Bangladesh’s ...

Rajgopal Nidamboor

Up the ante of your conscious existence

It sounds cryptic, but is not as complex as it ...

Shona Adhikari

Paint brush in hand, head in the clouds

This week we bring you a variety of art news. ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture