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:

Reuters Showcase

Markets Weekahead

Markets Weekahead

Focus on sectors which will build India: Ambareesh Baliga.  Full Article 

FMC-SEBI Merger

FMC-SEBI Merger

Regulatory shakeup could revive commodities markets   Full Article 

Tax Incentives

Tax Incentives

Budget woos foreign investors  Full Article 

Excise Duty

Excise Duty

Cigarette makers fall after budget hikes excise duty  Full Article 

Welcoming the Budget

Welcoming the Budget

India Inc cheers corporate tax cut, simpler rules  Full Article 

Gold Price

Gold Price

Gold prices to rise after budget keeps import duty high  Full Article 

Fuel Prices

Fuel Prices

IOC to raise diesel, petrol prices from Sunday  Full Article 

Moody's on Budget

Moody's on Budget

Budget "credit neutral" from a ratings perspective - Moody's   Full Article 

Reuters India Mobile

Reuters India Mobile

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