Rupee rises tracking share gains; oil demand seen

Tags: Rupee, News
The rupee is trading at 54.88/89 versus its previous close of 55.06/07. The unit is helped by gains in domestic shares and a risk-on mood globally on hopes for a compromise in the U.S. fiscal crisis. Rupee had earlier risen to as much as 54.79.

The Sensex is up 0.5 percent.

Pair seen moving in a 54.80 to 55.10 range in the first half of the session, with dollar demand from oil importers expected to limit the downside for the pair.

Traders are also awaiting the start of the winter session of parliament on Thursday.


  • India’s economic recovery has to be consumption, and not investment, led

    It is well accepted that falling global commodity prices, especially oil, have helped the Indian economy regain lustre in the past year or so.


Stay informed on our latest news!


Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs


Amita Sharma

Smart cities for the smart citizens

The 21st century has been spoken of as the urban ...

Purnendu Ghosh

Too shy people love themselves too much

We are essentially shy people. Our extent of shyness, however, ...

Shona Adhikari

When nature and naturism have a date

DAG Modern has announced its forthcoming exhibition The Naked and ...


William D. Green

Chairman & CEO, Accenture