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
- India passes halfway mark in election with BJP gaining strength
- UPDATE 3-Soccer-English premier league results and standings
- Mourinho thanks officials after contentious penalty sinks Chelsea
- Surrender talks set with separatists in Ukraine as standoff lasts into Easter
- Calls to U.S. poison centers involving e-cigarettes jump - CDC
Nitin Gadkari, former president of the Bharatiya Janata Party and a member of the BJP’s manifesto committee, speaks to Reuters. Here are the edited excerpts. Full Article
Turning smog into jewels - a Dutch designer's solution to Beijing's pollution. Video