Rupee at day's high on euro gains

Mon May 7, 2012 2:03pm IST

An employee uses an electronic machine to check a currency note inside a bank in Allahabad December 16, 2011. REUTERS/Jitendra Prakash/Files

An employee uses an electronic machine to check a currency note inside a bank in Allahabad December 16, 2011.

Credit: Reuters/Jitendra Prakash/Files

Related Topics

Reuters Market Eye - The USD/INR at day's low, now at 53.24/35 vs 53.47/48 last close, after the euro recovers from prior falls. RBI is believed to have sold dollars in the morning, according to four dealers.

Exporters' stop losses at 53.50 were triggered after RBI's intervention talk, magnifying the losses in USD/INR, dealers said.

Euro now trading at $1.3011/15 after earlier hitting a three-month low at $1.2955.

Local stocks now down 1.3 percent after falling as much as 1.9 percent.

FILED UNDER:

Economy

REUTERS SHOWCASE

Global Economy

Global Economy

EU leaders agree investment package to boost economy.  Full Article 

Oil Prices

Oil Prices

Brent steady below $60, heads for 4th weekly decline as oversupply persists.  Full Article 

Chinese Economy

Chinese Economy

China revises up size of economy in 2013 by 3.4 percent.  Full Article 

Reuters Exclusive

Reuters Exclusive

Google aiming to go straight into car with next Android – sources.  Full Article 

Reuters Poll

Reuters Poll

BSE Sensex to hit 32,980 by December 2015  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device  Full Coverage