Rupee still higher; Bharti Infratel, reform bills key
Reuters Market Eye - The rupee still higher at 54.35/36 levels versus last close at 54.47/48. Volumes remain thin as traders on holiday, leading to volatility on small moves.
Bharti Infratel IPO, which opens for retail investors on Tuesday, will be watched for inflows. Dealer expects 'substantial" flows on account of the share sale.
Bharti Infratel Ltd, the telecommunications tower unit of top Indian phone carrier Bharti Airtel Ltd (BRTI.NS), is set to raise up to $825 million in what would be the country's biggest initial share offering in two years.
Parliament will be watched with the Banking Act amendment bill, a key financial bill, likely to come up for passage.
USD/INR has multiple resistances between 54.89 and 54.94, which is an area marked by previous support and resistances and 14-day average.
- Tweet this
- Share this
- Digg this
- Mediterranean diet may slow diabetes progression
- UPDATE 3-Soccer-English premier league results and standings
- India passes halfway mark in election with BJP gaining strength
- South Korea recovers first bodies from inside sunken ferry
- Malaysian plane search in 44th day, sea bed scans could end in days
Nitin Gadkari, former president of the Bharatiya Janata Party and a member of the BJP’s manifesto committee, speaks to Reuters. Here are the edited excerpts. Full Article
Turning smog into jewels - a Dutch designer's solution to Beijing's pollution. Video