The Troubled Rupee
A top official said the government has options to stem a fall in the rupee but did not offer any specifics, turning the focus on the RBI to stem a rout that sent the rupee to record lows. Full Article
- "Hazardous" air, murky skies in Singapore from Indonesian fires
- Rupee at record low as India seen lacking options to brake fall
- Rupee slumps to record low; bonds, stocks slump
- Facebook has never been stronger since IPO, Sandberg says
- UPDATE 1-U.S. states, greens delay lawsuit, await Obama climate plan
Confused while buying stocks? Get buy, sell or hold recommendations from VantageTrade. Full Coverage
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