Rupee lower tracking broad dollar gains; shares hurt

Tags: Rupee, News
The rupee is trading at 62.43/44 versus its close of 62.16/17 on Friday tracking the dollar's broad gains versus major currencies and other Asian units.

The index of the dollar against six major currencies trading up 0.1 percent. Most Asian currencies also trading weaker versus the dollar.

The Sensex is down 0.3 percent in early trade. Also, aid sentiment for the greenback and will be watched for cues on direction of foreign fund flows, traders say.

The dollar held steady in early Asian trading on Monday, supported by an upbeat outlook on the U.S. economy by outgoing Federal Reserve Chairman Ben Bernanke that fanned expectations of more stimulus reduction from the U.S. central bank.

EDITORIAL OF THE DAY

  • Saffronites need to build their own edifices and narratives

    The news that the BJP-led NDA government, no admirers of India’s first prime minister, want to give a ‘contemporary’ look to the capital’s mos

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

Amita Sharma

Examining times for learning

The central advisory board of education in its meeting on ...

Zehra Naqvi

Capturing change

The pace of change in the world around us can ...

Gautam Gupta

Bring on the Benares brigade

It was in 2003 when I first started work and ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture