Rupee opens up on dollar inflow hopes
MUMBAI (Reuters) - The rupee opened up on Friday as easing worries of a funding crunch in the euro zone economies bolstered hopes for capital flows into riskier assets.
At 9 a.m. (0330 GMT), the rupee was at 51.33/34 to the dollar, stronger than Thursday's close of 51.580/585.
Asian shares rose on better-than-expected demand for Italian sovereign debt, shrugging off a rocket launch by North Korea.
(Reporting by Aditya Phatak; Editing by Ranjit Gangadharan)
- Tweet this
- Share this
- Digg this
Trending On Reuters
India can increase public investment to drive growth without borrowing more, a key government report said on Friday, in an indication that Finance Minister Arun Jaitley will stick to debt targets in his maiden full-year budget on Saturday. Full Article
Global investors lift exposure to stocks as major markets touch record highs Full Article