For months, markets have been dancing to central bankers' tune, but that may now be changing, writes James Saft. Full Article
Confused while buying stocks? Get buy, sell or hold recommendations from VantageTrade. Full Coverage
Rupee at more than three-month high
Reuters Market Eye - The rupee hit a three-and-half month high in early trades on expected NTPC inflows, say dealers. The pair at 52.96/97 versus 52.87 high and a close of 53.14/15 close on Tuesday.
The government expects to raise around $2.25 billion by selling a 9.5 percent stake in state power utility NTPC Ltd in a share auction on February 7.
Dealers estimate $300-$500 million of inflows due to NTPC share sale.
Gains in euro over previous India close also helping INR, dealers say.
(Reporting by Subhadip Sircar)
- Tweet this
- Share this
- Digg this