Rupee higher; share sale inflows watched
Reuters Market Eye - The rupee higher in line with gains in Asian FX on dollar weakness after the U.S. Federal Reserve said it will extend its bond-buying stimulus programme. The pair is at 54.20/22 versus 54.32/33 Wednesday's close.
Dealers will watch for inflows as Thursday is the last day for institutional buyers to invest in the Bharti Infratel IPO.
NMDC's $1.1 billion share sale on Wednesday was 30 percent covered by foreign investors, sources told Reuters.
Most Asian FX like won, yuan are trading with gains.
November inflation data is due on Friday with poll showing wholesale prices rose 7.60 percent.
- Tweet this
- Share this
- Digg this
- Malaysia military tracked missing plane to west coast - source
- Rupee retreats from 7-month high as shares fall
- India halts plan to join global bond indexes, defers Euroclear - sources
- Freescale loss in Malaysia tragedy leads to travel policy questions
- Wild theories fill void left by missing Malaysian plane
MISSING MALAYSIAN PLANE
Malaysia's military believes a jetliner missing for almost four days turned and flew hundreds of kilometres to the west after it last made contact with civilian air traffic control off the country's east coast, a senior officer told Reuters on Tuesday. Full Article | Slideshow
India halts plan to join global bond indexes, defers Euroclear - sources. Full Article
EXCLUSIVE - India to slash Iran oil imports to meet nuclear deal parameters: sources. Full Article