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.

EDITORIAL OF THE DAY

  • PSU banks can take a lesson from their private peers on disclosures

    The country’s top private lenders ICICI Bank and Axis Bank declared their fourth quarter earnings recently and both stepped up their asset quality d

FC NEWSLETTER

Stay informed on our latest news!

TODAY'S COLUMNS

Tushar Gandhi

An unexplored side of rural enterprise

What is rural enterprise? Ask this qu­estion and 9 out ...

Rajgopal Nidamboor

Timeless idiom of mindful living

Each of us, according to scholar-historian Felipe Fernandez-Armesto, is familiar ...

Dharmendra Khandal

So, how do we define a 'vermin'?

These days there’s an ongoing debate whether to declare various ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture