Rupee range-bound; FIIs continue to buy shares, debt

Tags: News
The rupee slipped to 60.4550/46 from previous close of 60.4335/4450.

Dollar index, a basket of currencies traded against the greenback, hit 13-month high.

But rupee supported as FIIs bought a net $105 million of debt on Monday and $60.4 million (provisionally) in shares on Tuesday.

The Nifty is trading up 0.38%, nearing record highs.

EDITORIAL OF THE DAY

  • RBI must now educate investors on the benefits of debt market

    It is uncommon for the central bank to act on a policy decision within a week of submission of a specialist report.

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