Rupee falls; flows watched

Tags: News
The rupee is trading at 60.43/44 versus its previous close of 60.3550/3650.

Index of the dollar against six major currencies trading up 0.05 percent.

Gains in the domestic share market may, however, limit a sharp fall in the rupee. The Nifty is trading up 0.19 percent.

Foreign investors bought shares worth $281.3 million on Thursday, as per provisional exchange data.

The European Central Bank cut interest rates and launched a large stimulus package for the flagging euro zone economy on Thursday.

Traders are now awaiting the U.S. nonfarm payrolls for further direction.

EDITORIAL OF THE DAY

  • India must move one level higher and be the exporter of electronics to the world

    INDIA hopes to achieve net zero-import balance in the electronics industry over the next three years.

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