Rupee near one-week high; foreign fund flows watched

Tags: News
The rupee is trading at 60.14/15, after hitting 60.1225, its highest since July 17 and versus previous close of 60.24/25.

Importer dollar demand to meet month-end payment commitments will limit gains in the Indian unit.

The rupee is seen in 60.00 to 60.30 range during the day.

Most Asian units trading stronger against the dollar.

Foreign fund flows into the domestic sharemarket to remain key factor determining rupee direction. The Nifty is trading up 0.43 percent.

Asian stocks edge up as risk aversion triggered by recent geopolitical tensions continues to ebb.

EDITORIAL OF THE DAY

  • Do we need a new yardstick to gauge our prosperity?

    While we in India are trying to clear the cobwebs of confusion about how best to calculate gross domestic product (GDP) growth statistics, at the best

FC NEWSLETTER

Stay informed on our latest news!

TODAY'S COLUMNS

Susan Visvanathan

A world that is constantly at war

THE 19th century posed specific problems to theorists about how ...

Rajgopal Nidamboor

Let’s find the power within & transform

It goes without saying that we are in the midst ...

Shona Adhikari

Masterpieces on the auction block

A rather important auction of 20th century Indian art by ...