Rupee lower; risk aversion rules

Tags: Rupee, News
The rupee is trading lower at 62.13/14 versus Monday's close of 62.04/05, tracking global dollar gains against emerging FX.

Most Asian currencies like won and rupiah trading with losses.

Dealers say the USD/INR pair may move up as it has been unable to break a support of 61.80 on downside.

Dollar index up 0.08 pct.

Data watch: India may release February trade data at 12.30 pm.

The yen held onto chunky gains early on Tuesday, having been squeezed higher as skittish investors dumped riskier assets amid tensions over Russian military intervention in Ukraine.

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E-mail ID will not be published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

  • Modi’s big wins in Haryana, Maharashtra are major milestones

    The results of the assembly elections in Maharashtra and Haryana are pretty much on the lines of the exit polls which suggested that the BJP was going

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

Tushar Gandhi

Sustainable model for rural sanitation

Prime minister Narendra Modi has promised to build a toilet ...

Purnendu Ghosh

Are we becoming way too impatient?

Too much expectation makes one impatient. We don’t like to ...

Shona Adhikari

When women to birds become a painter’s muses

This week the focus is on renowned artist Amitabha Banerjee, ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture