Rupee stronger on broad dollar losses

Tags: Rupee
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.

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E-mail ID will not be published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

  • RBI must keep a strict vigil on private debt inflows

    A little over a year ago, RBI governor Raghuram Rajan had observed that central banks of the developed world were excessively liberal with printing mo

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

Tushar Gandhi

When too little could mean too late

The calamity in Jammu and Kashmir has once again shown ...

Kuruvilla Pandikattu SJ

Genuine spirituality means true humanity

Every religion promises salvation to its followers. Rarely do we ...

Gautam Gupta

Moral policing is the need of the hour

Recently, when Deepika Padukone raised her voice against an objectionable ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture