Rupee in tight band ahead of Diwali holidays
Reuters Market Eye - The rupee is trading in very narrow band ahead of Diwali holidays next week. Pair at 54.33/35 versus Thursday's close of 54.36/37. It has traded in a 54.27-54.38 band.
FX markets shut on Nov 13 and Nov 14 for Diwali holidays.
Pair opened lower helped by some recovery in euro in Asian session.
Private bank dealer tips 54.10-54.95 band next week.
Sentiment on INR has turned negative again, as per a Reuters poll of forex strategists.
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Wipro posted a 29 percent rise in its fourth-quarter net profit, beating expectations, helped by increased IT spending by its customers. For the quarter ended March 31, the company said it earned 22.27 billion rupees compared with 17.29 billion rupees a year earlier. Full Article | Full Coverage