Indian rupee strengthens to over 3-month peak on dlr inflows
MUMBAI Jan 30 (Reuters) - The Indian rupee rose to its highest level in more than three months on Wednesday on the back of dollar inflows for upcoming share sales and positive sentiment from a stronger euro.
At 3:30 p.m. (1000 GMT), the partially convertible rupee was at 53.3550/3650 per dollar, its strongest since Oct. 23, 2012 and stronger than its close of 53.76/77 on Tuesday.
Traders said exporters were also seen selling the greenback of expectations of a stronger rupee in the near-term. India's ministerial panel approved selling a 10 percent stake in Oil India on Feb. 1, the oil secretary said. (Reporting by Swati Bhat; Editing by Rafael Nam)
- Tweet this
- Share this
- Digg this
- CBS drops Rihanna from 'Thursday Night Football' after rebuke
- Apple iPhone 6 pre-orders hit record 4 million on first day
- Google launches $105 Android One; eyes low-price smartphone boom
- U.S. leaders call for 'war' on Ebola outbreak, pledge troops
- OECD unveils proposals to curb corporate tax avoidance
India will decide on ending government control on diesel pricing after elections in two states next month, an oil ministry source said, even though local prices of the fuel are currently higher than the global rates, making a case for a cut in retail prices. Full Article
India says to defend China border after standoff ahead of Xi visit. Full Article
Climate smart farmers get tech savvy to save India's bread basket. Full Article