Rupee higher; foreign banks offer dlrs on strong inflows

Tags: Rupee, News
The rupee is higher as foreign banks offer dollars on strong inflows. Pair at 61.50/51 versus Monday close of 61.62/63.

Large state-run bank seen on bid side. Asian currencies trending slightly negative against the dollar, which may keep rupee gains in check.

Traders said an absence of market-moving data will probably extend the sluggish session through Asia, keeping the major currencies in tight but familiar ranges.


  • RBI should make it must for banks to disclose loans refinanced under 5/25 scheme

    There is reasonable doubt that banks are using the 5/25 scheme to postpone dealing with bad loans.


Stay informed on our latest news!


Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs


Roopen Roy

Bitcoins will spark India’s financial innovation

Often, when you string together two pieces of seemingly unconnected ...

Rajgopal Nidamboor

The power of detached thinking

Dispassionate thinki­ng holds the discriminating embroidery of perceptive focus and ...

Dharmendra Khandal

Mosquitoes are a menace, but part of eco system too

Who can deny that mosquitoes are a menace? The buzz ...


William D. Green

Chairman & CEO, Accenture