Rupee lower for third session; oil demand eyed

Fri Feb 8, 2013 9:39am IST

A worker at a fuel station checks a 500 Indian rupee note after filing a vehicle with fuel in Kolkata February 3, 2011. REUTERS/Rupak De Chowdhuri/Files

A worker at a fuel station checks a 500 Indian rupee note after filing a vehicle with fuel in Kolkata February 3, 2011.

Credit: Reuters/Rupak De Chowdhuri/Files

Related Topics

Reuters Market Eye - The rupee extends losses for third session. The pair is at 53.44/45 versus 53.22/23 close on Thursday. Dollar demand for oil refiners will be watched at lower levels, and stock market performance will be key.

Private bank dealer says 53.20 should hold on downside with 53.58-61 first resistance and 53.75-78 next level to watch.

The euro hovers near a two-week low on Friday after the ECB chief said on Thursday he would monitor the impact of the currency's strength, making more straightforward remarks on the exchange rate than many had expected.

The government raised $2.15 billion by selling shares in NTPC, with more than half of shares on offer bid by foreigners. Stake sales in four more companies are likely by March.

(Reporting by Subhadip Sircar)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

BACK IN JAIL

REUTERS SHOWCASE

iOS 8 Issue

iOS 8 Issue

iOS 8 causing Bluetooth connectivity issues - Apple news blog  Full Article 

Modi In U.S.

Modi In U.S.

Obama, Modi work to deepen improving U.S.-India ties  Full Article | Full Coverage 

NYT Job Cut

NYT Job Cut

New York Times to cut jobs as new products disappoint  Full Article 

Factory Activity

Factory Activity

Factories expand at slowest pace this year in September  Full Article 

Monetary Policy

Monetary Policy

RBI not biased towards either raising or cutting rates - Rajan  Full Article 

Weak Demand

Weak Demand

Weak demand hits factory activity across Asia, Europe  Full Article 

Pimco Fund

Pimco Fund

Pimco Total Return Fund posts record $23.5 bln net outflow in Sept  Full Article 

Hopeful of Profit

Hopeful of Profit

GM sees first European profit in 2016 after years of losses  Full Article 

Reuters India Mobile

Reuters India Mobile

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