Rupee at one-month low as crude spikes on Iraq

Tags: Rupee, News
The rupee is trading at 59.47/48, after hitting 59.4925, its lowest since May 15

RELATED ARTICLES

and below its close of 59.25/26, tracking weak global cues following tensions in Iraq and downbeat U.S. economic data.

Asian stocks slid and crude oil scaled nine-month highs on Friday as escalating civil war in Iraq hit risk appetite.

Asian currencies were trading mixed against the dollar.

Traders expect the pair to see some resistance around 59.50 levels and strong resistance at 59.60 levels.

The domestic stock market trading marginally higher and will be watched for cues on foreign fund flows.

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E-mail ID will not be published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

  • Exchange managements must distinguish between speculation and gambling

    Every bull run in the Indian equity market raises the spectre of excessive speculation.

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

Roopen Roy

Building smart cities the Indian way

Today more than half of the world’s population lives in ...

Zehra Naqvi

The mere display of power is not success

The stars are not afraid to appear like fireflies —Rabindranath Tagore ...

Dharmendra Khandal

Let the tiger breathe in its natural home

The world has been observing July 29 as International Tiger ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture