Rupee lower; RBI intervention eyed

Fri Nov 16, 2012 9:45am IST

A Kashmiri shopkeeper staples together currency notes to make a garland at a market in Srinagar September 3, 2012. REUTERS/Fayaz Kabli/Files

A Kashmiri shopkeeper staples together currency notes to make a garland at a market in Srinagar September 3, 2012.

Credit: Reuters/Fayaz Kabli/Files

Related Topics

Polluted waters of China

Polluted waters of China

Growing cities, overuse of fertilizers, and factory wastewater have degraded China's water supplies to the extent that half the nation's rivers and lakes are severely polluted.  Slideshow 

Reuters Market Eye - The rupee is lower in opening trades, tracking losses in most Asian FX, regional stocks, dealers say. Pair at 54.89/90 versus last close at 54.70/71.

Foreign bank dealer says any possible central bank intervention will be watched, after some talk about the RBI selling USD in the last session.

Pair likely to closely track euro moves, dealers say.

Nifty futures in Singapore up 0.07 percent, while MSCI's Asia ex-Japan index down 0.05 percent.

Most Asian FX including won, Singapore dollar weaker.

The yen steadied in early Asian trading on Friday after plunging to a six-and-a-half-month low against the dollar in the previous session on expectations a new Japanese government would put pressure on the Bank of Japan to ease further.

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

Infrastructure

REUTERS SHOWCASE

Global Trade Deal

Global Trade Deal

Rural votes, old traumas drive India's WTO brinkmanship.`  Full Article 

Tracking Markets

Tracking Markets

L&T slumps after adjusted profit lags estimates  Full Article 

Chopper Deal

Chopper Deal

Finmeccanica settles with Italy prosecutors to end Indian chopper deal probe.  Full Article 

Auto Sector

Auto Sector

VW closes in on Toyota as global auto leader  Full Article 

Gaza Conflict

Gaza Conflict

Israel strikes house of Hamas Gaza leader, digs in for long fight.  Full Article 

Reuters India Mobile

Reuters India Mobile

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