Rupee pares gains; trade data eyed

Wed Feb 13, 2013 10:06am IST

Currency of different denominations are seen in this picture illustration taken in Mumbai April 30, 2012. REUTERS/Vivek Prakash/Files

Currency of different denominations are seen in this picture illustration taken in Mumbai April 30, 2012.

Credit: Reuters/Vivek Prakash/Files

Related Topics

Reuters Market Eye - The rupee was little changed at 53.8550/8650 versus its previous close of 53.85/86 as negative sentiment due to losses versus most other Asian currencies gets offset by demand from oil firms.

The pair opened weaker at 53.75 but soon recovered most of its losses to trade flat.

Gains in the domestic share market may, however, limit a sharp upside to the pair. The Sensex was trading up 0.4 percent.

Most Asian currencies also trading stronger compared with the dollar.

Traders will watch the trade data due to be released around 11:15 a.m. for immediate direction.

(Reporting by Swati Bhat)

FILED UNDER:
  • Most Popular
  • Most Shared

REUTERS SHOWCASE

Tobacco Control

Tobacco Control

India moves toward ban on loose cigarettes to deter smoking   Full Article 

Modi at SAARC

Modi at SAARC

Modi gives Buddha a miss as SAARC leaders flock to Nepal.  Full Article 

Reuters Insight

Reuters Insight

In Modi’s India, green shoots of reform from Rajasthan.  Full Article 

Investing in ETFs

Investing in ETFs

U.S. investors elevate India over other emerging markets  Full Article 

J&K Elections

J&K Elections

Kashmiris turn out to vote as BJP bids for power  Full Article 

Trade Talks

Trade Talks

India, U.S. hold first trade dialogue in four years  Full Article 

Modi's Wife

Modi's Wife

Modi's estranged wife unhappy over round-the-clock security  Full Article 

Global Economy

Global Economy

OECD sees gradual world recovery, urges ECB to do more  Full Article 

Reuters India Mobile

Reuters India Mobile

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