Rupee strong ahead of FDI vote in Lok Sabha

Wed Dec 5, 2012 12:52pm IST

A bank employee counts bundles of Indian currency at a cash counter in Tripura, July 7, 2009. REUTERS/Jayanta Dey/Files

A bank employee counts bundles of Indian currency at a cash counter in Tripura, July 7, 2009.

Credit: Reuters/Jayanta Dey/Files

Related Topics

Reuters Market Eye - Rupee continues to trade stronger at 54.53/54 versus its previous close of 54.68/69, helped by gains in the domestic sharemarket and tracking losses in the greenback versus the euro and some other Asian currencies.

Domestic shares trading up 0.3 percent.

Traders are awaiting a critical vote on foreign direct investment in multi-brand retail due in the lower house of parliament later in the day.

The pair is expected to break below 54.25 and gradually below 54 if FDI is approved.

The euro climbs to a seven-week high against the dollar, boosted by efforts to tackle the debt problems of Greece and Spain, while the dollar under pressure from expectations of new bond buying by the Federal Reserve.

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

Shares Hit Record

Sensex, Nifty rise to second consecutive record high

Sensex surges 500 points on BOJ easing, L&T gains

The BSE Sensex and Nifty surged to record highs for a second consecutive session on Friday after Bank of Japan's surprise expansion of its massive stimulus programme raised hopes for additional foreign inflows, boosting blue-chips such as Larsen & Toubro.  Full Article 

REUTERS SHOWCASE

Wilful Negligence?

Wilful Negligence?

SEBI piles pressure on Sahara to sell overseas hotels  Full Article 

Indian Economy

Indian Economy

India's fiscal deficit in H1 almost 83 pct of full-year target.  Full Article 

M&M Earnings

M&M Earnings

M&M Q2 net profit down 4 percent, hit by poor monsoon.  Full Article 

Ban on E-Cigs?

Ban on E-Cigs?

Govt considers ban on e-cigarettes, sale of single smokes.  Full Article 

Commodities

Commodities

Silver futures in India hit four-year low on global cues.  Full Article 

BOJ Policy

BOJ Policy

BOJ shocks markets with surprise easing as inflation slows.  Full Article 

Shadow Banking

Shadow Banking

China's shadow banking sector growing rapidly, third largest in world - FSB.  Full Article 

Reuters India Mobile

Reuters India Mobile

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