Rupee hits 1-1/2 week high in early trade

Tags: News
The rupee is trading at 60.02/03 versus its previous close of 60.0925/1025, after hitting 59.98, its highest since July 14.

The Nifty is trading down 0.26 percent and moves will be monitored for clues on foreign fund flows.

Asian stock markets edge broadly higher after a surprisingly strong reading on Chinese manufacturing bolsters hopes for recovery in the world's second-biggest economy.

The rupee is seen in 59.90 to 60.20 range during the day.

Importer dollar demand to meet month-end payment commitments will limit gains in the Indian unit.

EDITORIAL OF THE DAY

  • The Muslim Personal Law Application Act needs an overhaul

    Triple talaq or khola as means to divorce or dissolve one’s marriage in the Muslim community is unacceptable, as the Allahabad High Court judgment s

FC NEWSLETTER

Stay informed on our latest news!

TODAY'S COLUMNS

Sandeep Bamzai

<b>Disequilibrium:</b> THE GREAT GAMBLE

Finance it is said is merely a gun, politics is ...

Ananda Majumdar

<b>Ruminations:</b> BJP looks beyond muscular strategy

Gradually a new strategy for political management has been established ...

BK Chaturvedi

Committed, yet miles to go

Swachh Bharat is a mission to which everyone is committed. ...