Gas Prices
India eyes narrow political window for unpopular gas price hike
The government could this week take the unpopular measure of raising gas prices for the first time in three years as it pushes a package of reforms aimed at giving industry a boost, reviving a spluttering economy and boosting LNG imports. Full Article
REUTERS SHOWCASE
Reviving Infra
Road building revival offers rare hope for India infrastructure overhaul. Full Article
Buy, Sell or Hold?
Confused while buying stocks? Get buy, sell or hold recommendations from VantageTrade. Full Coverage
Reuters India Mobile
Get the latest news on the go. Visit Reuters India on your mobile device. Full Coverage
Rupee trading at over 1-week high
An employee counts currency notes at a cash counter inside a bank in Kolkata June 18, 2012.
Credit: Reuters/Rupak De Chowdhuri/Files
Reuters Market Eye - Rupee is trading above 56 to the dollar for the first time in more than a week as hefty gains in the domestic share market raised hopes for foreign capital inflows while the risk-on mode globally also hurts.
Traders say custodian banks spotted selling dollars in the market.
Rupee is trading at 56.05/06 after rising to 55.95, and above its previous close of 56.80/81. The dollar is on course for its biggest quarterly rise versus the rupee in at least 17 years. However, this is also its biggest daily fall since late January.
The euro up sharply against the dollar as European leaders agree on decisive action to lower the borrowing costs of Italy and Spain and create a single supervisory body for euro banks.
The BSE Sensex was trading up 2.4 percent.
- Tweet this
- Link this
- Share this
- Digg this
- Reprints
Follow Reuters