Rupee falls marginally after recent gains
Reuters Market Eye - The rupee falls marginally to 54.46/47 versus its previous close of 54.35/36 on the back of some short-covering seen after the recent gains and as oil firms buy the greenback.
The rupee had risen to a three-week high of 54.2650 on Wednesday. Traders expect the pair to hold in a 54.20 to 54.60 range rest of the session.
Traders to watch the domestic share market movement for cues on foreign fund flows during the day. The BSE Sensex is trading up 0.03 percent.
Dollar demand from oil firms, the biggest buyers in the domestic currency market, will also be watched.
(Reporting by Swati Bhat)
- Tweet this
- Share this
- Digg this
- U.S. strikes have slowed Iraq militants but not weakened them - Pentagon
- Islamic State video purports to show beheading of U.S. journalist
- UPDATE 1-Pakistan crisis puts army back in the driving seat
- Pakistan crisis puts army back in the driving seat
- Landslides hit Japan's Hiroshima, killing at least 27 |
Exclusive - Icahn says Family Dollar wasting over $300 mln in breakup fees . Full Article