Rupee edges up; oil demand limits downside

Mon Nov 26, 2012 9:47am IST

Indian currency of different denominations are seen in this picture illustration taken in Mumbai April 30, 2012. REUTERS/Vivek Prakash/Files

Indian currency of different denominations are seen in this picture illustration taken in Mumbai April 30, 2012.

Credit: Reuters/Vivek Prakash/Files

Related Topics

Reuters Market Eye - The rupee edges up to 55.42/43 versus its previous close of 55.535/545, tracking the greenback's losses versus other Asian currencies and a slight risk-on mood in global markets.

Asian shares inch up on Monday on hopes that Greece can avoid a near-term bankruptcy.

Euro at a seven-month high against the yen and a one-month peak against the dollar.

Nifty India stock futures traded in Singapore up 0.3 percent, suggesting a positive start to the local market.

Traders expect oil-related dollar demand to meet month-end import commitments to prevail through the day, limiting any sharp fall in the pair. USD/INR seen moving in a 55.30 to 55.60 range initially.

FILED UNDER:

Economic Pulse

Reuters Showcase

S&P on Budget

S&P on Budget

Budget shows commitment to keep fiscal deficit low  Full Article | On Ratings 

PMI Data

PMI Data

Factory activity growth slows to five-month low in Feb  Full Article 

Fitch on Budget

Fitch on Budget

India's "less aspiring" fiscal consolidation strategy negative for ratings  Full Article 

Monetary Policy

Monetary Policy

Two policymakers see case for RBI rate cut - report  Full Article 

China Economy

China Economy

China Feb HSBC PMI at seven-month high but more rate cuts seen on the cards  Full Article 

Battling Apple

Battling Apple

Samsung unveils sleek new Galaxy phones  Full Article 

Moody's on Budget

Moody's on Budget

Budget "credit neutral" from a ratings perspective  Full Article 

On Rate Hike

On Rate Hike

Insight: Near Fed majority backs June liftoff Yellen hasn't yet endorsed  Full Article 

Reuters India Mobile

Reuters India Mobile

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