Rupee trading at 2-1/2 month high

Tags: Rupee, News
The rupee is trading at 61.45/46, its highest level since January 17 and above its close of 61.75/76 on Wednesday, on the back of positive sentiment about equity market inflows ahead of general elections next month.

The rupee is seen moving in a 61.40 to 61.60 range.

Almost all Asian currencies gained on easing worries about the standoff in Ukraine.

Traders say a narrower current account deficit is also helping the rupee slightly though the figure was widely expected.

Data post-market hours showed India's balance of payments swung back into surplus during the October-December quarter, helped by government curbs on gold imports, after two quarters in deficit.

Overseas investors bought Indian shares worth $119.46 million on Wednesday, extending their buying streak to a 14th consecutive day for a net of about $800 million, provisional exchange data shows.

The BSE Sensex is trading up 0.4%.

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E-mail ID will not be published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

  • Tax offenders stashing black money abroad must be booked

    There can be little doubt that for the government to get at those salting away unaccounted and untaxed money in foreign banks is a long overdue exerci

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

Riding the product startup wave

That the Indian youth is undergoing a massive change in ...

Zehra Naqvi

Rememberance and forgetting are crucial

Memories are so vital to our lives that they can ...

Dharmendra Khandal

Sandalwood may get extinct if not protected

When we talk of sandalwood, the most common usage that ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture