Rupee steady, stocks watched for direction

Tags: Rupee, News
The rupee is trading at 59.90/91 compared to its previous close, tracking largely unchanged

RELATED ARTICLES

domestic sharemarket with mixed Asian currencies failing to provide any clear direction.

The BSE Sensex will be watched during the day for cues on foreign fund flows which have been a key factor aiding the rupee in recent sessions.

Traders expect gains in the rupee to be capped around 59.60 levels as the Reserve Bank of India will likely step up dollar buying around there, two traders say.

The RBI is suspected to have been buying dollars in recent sessions to shore up its foreign exchange reserves, which now stand at $298.64 billion, their highest since December 2011.

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E-mail ID will not be published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

  • Signalling good times, current account deficit is likely to grow from here on

    The current account deficit (CAD) numbers for April-June quarter declined sharply to 1.7 per cent of GDP.

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

Arun Nigavekar

Disruptive innovation in education

The past two weeks had a fair share of interesting ...

Rajgopal Nidamboor

Regain the spirit of focused power

For aeons, the human race has been experimenting with a ...

Gautam Gupta

Manufacturing must keep workers’ welfare in mind

It may be early days yet, but the labour reforms ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture