Rupee marginally lower on last day of 2012

Mon Dec 31, 2012 12:11pm IST

A grocery shop owner counts rupees notes in the western Indian city of Ahmedabad May 23, 2012. REUTERS/Amit Dave/Files

A grocery shop owner counts rupees notes in the western Indian city of Ahmedabad May 23, 2012.

Credit: Reuters/Amit Dave/Files

Related Topics

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)

FILED UNDER:

Economic Pulse

REUTERS SHOWCASE

Nifty Above 8,600

Nifty Above 8,600

Nifty hits record high above 8,600; state-run lenders gain  Full Article 

Bhopal Tragedy

Bhopal Tragedy

Bhopal's toxic legacy lives on, 30 years after industrial disaster  Full Article 

Essar Group

Essar Group

Exclusive - Essar's planned oil-for-steel deal tests Iran sanctions  Full Article 

Islamic Fund

Islamic Fund

India gets new Islamic equity fund but debt market still off-limits  Full Article 

Fiscal Deficit

Fiscal Deficit

April-October fiscal deficit nears 90 pct of full-year target  Full Article 

Oil Prices

Oil Prices

Oil hits new four-year low post OPEC as glut looms  Full Article 

Gold Imports

Gold Imports

Nov gold imports seen climbing on expectation of curbs   Full Article 

Reuters India Mobile

Reuters India Mobile

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