Rupee hits one-month high

Tags: Rupee, News
The rupee is trading at 60.01/02 after hitting 59.95, its highest since April 9 but still stronger than its close of 60.135/145 on Wednesday, tracking gains in the domestic share market.

Dealers say good demand for dollars from oil firms seen around 60 levels.

Traders expect the rupee to hold in a 59.90 to 60.20 range during the session, and domestic shares would be watched for cues on foreign fund flows.

The BSE Sensex trading up 0.2 percent.

Asian shares drew a measure of comfort from dovish comments by the U.S. Federal Reserve chief and signs of easing tensions in Ukraine after Russian President Vladimir Putin called on pro-Moscow separatists to postpone a succession vote.

Traders, however, say losses in other Asian currencies and the dollar's gains versus the euro will limit a sharp fall in the USD/INR pair.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • For those who are left to survive a war-torn world, let there be peace

    The hunger games have begun, and they have started reaping our children. There is no way around it.

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Urs Schöttli

Shifting sands in the Far East

As was to be expected, Japanese prime minister Shinzo Abe ...

Zehra Naqvi

When humanity died, bestiality prevailed

The terrorist attack that killed 132 children in Peshawar has ...

Bubbles Sabharwal

Why self-esteem must be your best friend forever

Two negatives do make a positive! Imagine no doubts, no ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture