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

RELATED ARTICLES

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.

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E-mail ID will not be published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.
Image CAPTCHA
Copy the characters (respecting upper/lower case) from the image.

EDITORIAL OF THE DAY

  • RBI lowers repo rates despite red flags concerning the economy

    The Reserve Bank of India (RBI) has gambled big time in lowering repo rates by 25 points for the third time in six months.

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

TODAY'S COLUMNS

Arun Nigavekar

Wanted: a central higher education scheme

During the one year that he has been at the ...

Rajgopal Nidamboor

The dappled fusion of our existence

Each of us, without exception, goes through a multitude of ...

Gautam Gupta

It’s ethnic wear all the way in Indian fashion

India is one of the most diverse countries in the ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture