Rupee trading marginally lower

Tags: News
The rupee is trading at 59.34/35 versus its close of 59.29/30 on Tuesday tracking weakness in domestic equity markets in early trade and the absence of any other major triggers.

Traders expect the pair to trade in a broad range of 59.25 to 59.45 for the day.

Traders will continue to monitor foreign fund flows into the debt and equity markets for near-term direction, while consumer price inflation data due on Thursday will also be watched, though a large impact on the foreign exchange market is unlikely.

EDITORIAL OF THE DAY

  • India’s commercial links with Britain since Company Raj will still prosper

    There is little point in shedding tears over Britain’s exit from the European Union (EU).

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