Rupee inches higher on local share gains

Wed Jan 9, 2013 10:45am IST

A Kashmiri woman walks under a garland made of Indian currency notes on display at a market in Srinagar September 3, 2012. REUTERS/Fayaz Kabli/Files

A Kashmiri woman walks under a garland made of Indian currency notes on display at a market in Srinagar September 3, 2012.

Credit: Reuters/Fayaz Kabli/Files

Related Topics

Reuters Market Eye - The rupee edges marginally higher to 54.96/97 versus Tuesday's close of 54.99/55.00 on the back of mild gains in regional and domestic sharemarkets.

Traders however say macroeconomic concerns would continue to occupy centrestage after Fitch's renewed ratings downgrade warning on Tuesday.

Traders expect the pair to move in a 54.85 to 55.05 range initially in the session. The Sensex trading up 0.3 percent while the broader Nifty trading up 0.2 percent.

(Reporting by Swati Bhat)

FILED UNDER:

Economic Pulse

Reuters Showcase

Reaction to Budget

Reaction to Budget

India budget unlikely to impact credit rating - agencies  Full Article 

PMI Data

PMI Data

Factory activity growth slows to five-month low in Feb  Full Article 

Ola Buys Rival

Ola Buys Rival

Ola buys rival TaxiForSure for $200 million  Full Article 

Coal Auction

Coal Auction

India examines coal mine bids amid reports of discrepancies  Full Article 

Battling Apple

Battling Apple

Samsung unveils sleek new Galaxy phones  Full Article 

China Economy

China Economy

China Feb HSBC PMI at seven-month high but more rate cuts seen on the cards  Full Article 

Global Economy

Global Economy

Stimulus swells as China eases, India spends   Full Article 

Reuters India Mobile

Reuters India Mobile

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