Rupee up after two days of losses; exporters sell
Reuters Market eye - The rupee rises to 54.59/60 versus its previous close of 54.69/70 as exporters sell the greenback after the pair rises for two straight sessions.
Most Asian currencies also trading stronger compared with the dollar.
The Sensex is trading up 0.4 percent, hurting sentiment for the dollar.
Traders, however, expect dollar demand from oil companies to continue later in the session and limit any sharp downside in the pair.
(Reporting by Swati Bhat)
- Tweet this
- Share this
- Digg this
Trending On Reuters
Finance Minister Arun Jaitley on Saturday unveiled a budget that aims to ramp up growth, aided by a slowed pace of fiscal deficit cuts and a raft of tax measures to put private domestic and foreign capital to work. Read | Full Coverage