Rupee at 1-week high; GAAR delay helps

Tue May 8, 2012 12:02pm IST

An Indian one rupee coin is seen in this picture illustration taken in Mumbai April 30, 2012. REUTERS/Vivek Prakash

An Indian one rupee coin is seen in this picture illustration taken in Mumbai April 30, 2012.

Credit: Reuters/Vivek Prakash

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Reuters Market Eye - Rupee at 52.7450/75, after rising earlier to a one-week high of 52.68 in intraday trade vs 52.9150/9250 last close. Dealers say positive sentiment on foreign fund inflows on GAAR delay, fears of an active RBI helping rupee.

Local stock, however, down 0.4 percent, bucking positive Asian trend.

Dealer tips 52.60-53.00 range for session.

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