Rupee stronger on broad dollar losses

Tags: Rupee, News
The rupee is trading at 60.04/05 versus its previous close of 60.11/12 on broad losses in the dollar versus other major and regional units, but a sharp fall will be averted on caution ahead of the national elections outcome next week.

The rupee is seen holding in a 59.90 to 60.30 range initially during the session with traders monitoring domestic share moves for cues on foreign fund flows.

The New Zealand dollar tumbled on Wednesday after the country's central bank warned it may have to intervene to weaken the currency, while the U.S. dollar languished at six-month lows against a basket of major currencies.

All Asian currencies stronger versus the dollar.

EDITORIAL OF THE DAY

  • Realtors must lower the ratio of capital value to rental income to entice buyers

    Real estate prices are likely to witness a correction in the coming festival season, according to a report put out in this newspaper on Monday, with p

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

BK Chaturvedi

Undermining demographic dividend

Development and economic growth of nations is built upon the ...

Kuruvilla Pandikattu

Imperfection makes you more human

For all those who live in fear of making a ...

Shona Adhikari

Artistic focus on women's empowerment

The focus on the girl child remains an important one ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture