Rupee off highs; Carlyle stake sale flows seen
Reuters Market Eye - The rupee falls to 51.57/58, after hitting an intraday high at 51.32, on outflows related to a stock stake sale, several dealers say. The pair closed at 51.74/75 on Thursday.
Several dealers cite USD outflows related to Carlyle Group's estimated $841 million stake sale in mortgage lender HDFC(HDFC.NS).
State-run bank dealer tips 51.35-51.75 range for the rest of the session; expects oil bids.
- Tweet this
- Share this
- Digg this
Trending On Reuters
Data released on Friday showing a slowdown in India's economy will put the Reserve Bank under renewed pressure to cut interest rates, while Prime Minister Narendra Modi takes his time over reforms needed for a revival. Full Article