Rupee hits three-week high

Tags: Rupee, News
The rupee rises to 60.12/13 from 60.31/32 on Wednesday, after earlier rising as high as 60.09, a level last seen on April 10.

USD/INR was under pressure as month-end dollar buying by oil companies in recent sessions faded and also due to stronger domestic shares.

The dollar struggled to make any headway early on Friday, still languishing near a three-week trough against a basket of major currencies as investors stay on the sidelines ahead of a closely watched U.S. employment report.

Also on watch is India's manufacturing PMI later in the day.

Traders see USD/INR moving in a 60.00 to 60.50 range during the session.

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E-mail ID will not be published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

  • The world is moving away from fast food like never before

    Despite spending $1.8 billion every year on worldwide advertising and promotion, McDonald’s sales are plummeting.

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 Schoettli

It’s time for Japan to step out of its shell

The execution of a Japanese hostage by ISIS has sho­cked ...

Zehra Naqvi

The urge to tell stories

One wants to tell a story, like Scheherzade, in order ...

Bubbles Sabharwal

Truth about truth

The question to ponder is, “is it the truth because ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture