Rupee lower on Asian forex weakness

Tags: Rupee, News
The rupee is lower tracking weakness in Asian FX; pair at 61.96/97 versus Tuesday's close of 61.88/89. Dealer tips 61.70-62.20 band for the session.

The yen was on the back foot early on Wednesday with investors unwilling to take aggressive bets ahead of the outcome of the Bank of Japan policy meeting.

RBI panel suggests targeting consumer price inflation, which may mean higher interest rates may remain longer.

Tuesday saw bullish engulfing candle that gives bulls confidence.

EDITORIAL OF THE DAY

  • Public sector banks need to be independent of govt ownership

    The RBI, in its financial stability report released last week, has flagged off concerns about the deteriorating asset quality of public sector banks.

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

TODAY'S COLUMNS

Simon J Evenett

Will Germany be able to deliver?

The BRICS aren’t the only countries whose stature has grown ...

Rajgopal Nidamboor

Up the ante of your conscious existence

It sounds cryptic, but is not as complex as it ...

Gautam Gupta

The ‘fake’ issue needs to be taken seriously

E-commerce players are witnessing unbelievable growth globally. Competition is increasing ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture