Rupee marginally lower on last day of 2012
Reuters Market Eye - Rupee continues to trade marginally lower at 54.78/79 versus its previous close of 54.7550/7660 as mild dollar demand from oil refiners at month-end gets offset by dollar sales by exporters.
The pair has been wedged in a narrow 54.75 to 54.81 band so far in the session.
Trading is also dull on the last day of 2012 as most Asian and western European markets are either closed or will be closing early for the day.
Traders to await resolution of the U.S. fiscal cliff for near-term direction while domestically the September quarter current account deficit data due at 5 p.m. will be watched.
(Reporting by Swati Bhat)
- Tweet this
- Share this
- Digg this
- Iran prosecutor gives government 30 days to block social media
- Islamic State closes in on Syrian town, refugees flood into Turkey
- New smartphone app gives sight to the blind
- Study asks whether artificial sweeteners may drive diabetes
- Exclusive - Iran seeks give and take on militants, nuclear program
GROUP OF 20
The G20 leading nations say they are tantalisingly close to adding an extra $2 trillion to the global economy and creating millions of new jobs, but Europe's extended stagnation remains a major stumbling block. Full Article
Top rice exporter India importing over 100,000 T on temporary supply squeeze. Full Article