Rupee rises; custodians sell dollars

Tags: News
The rupee is marginally higher at 60.03/04 versus its Wednesday close of 60.07/08, as custodian banks sell dollars.

Foreign institutional flows continue to hurt the pair. Overseas investors bought Indian shares worth $142.8 million on Tuesday, provisional exchange data shows. The BSE Sensex is trading up 0.65 percent.

USD/INR is seen trading in a range of 59.90 to 60.10 during the session, dealers say.

Most Asian currencies trading stronger against the dollar.

Traders expect the RBI to step up dollar purchases should foreign fund inflows continue through the day.

The RBI bought a net $14.51 billion in the forward market in May compared with net forward dollar sales of $6.09 billion in April, according to Reuters calculations based on data available on the RBI's website.


  • The govt needs to change its mindset and strategies on divestment

    Divestment of public sector units (PSUs) through offer for sale route is one area where the performance of all governments, irrespective of party, had


Stay informed on our latest news!


Sandeep Bamzai

First among equals, always

Might is right is an adage as old as the ...

Zehra Naqvi

When differences fracture the cause

It is precisely the minor differences in people who are ...

Shona Adhikari

Owais Husain searches for a lost homeland

The seventh edition of the Mumbai Public Art Festival (PAF) ...