Rupee rises on lower-than-expected inflation

Thu Feb 14, 2013 12:30pm IST

An employee counts rupee notes at a cash counter inside a bank in Agartala, December 31, 2010. REUTERS/Jayanta Dey/Files

An employee counts rupee notes at a cash counter inside a bank in Agartala, December 31, 2010.

Credit: Reuters/Jayanta Dey/Files

Related Topics

Reuters Market Eye - The rupee gains gains after data shows a slower-than-expected rise in wholesale inflation in January. The pair trading at 53.84/85 from 53.89/90 levels before the data.

USD/INR closed at 53.82/83 on Wednesday.

India's annual wholesale price inflation eased to 6.62 percent in January, below expectations of 7 percent. Core inflation rose 4.1 percent, slower than an expected 4.2 percent rise. (Read full story here)

The pair is seen holding in a 53.70 to 53.90 range during the rest of the session.

(Reporting by Swati Bhat)

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

REUTERS SHOWCASE

Earnings Season

Earnings Season

Reliance Q4 sales rise, refining margin narrows.  Read 

Innovative Solution

Innovative Solution

Turning smog into jewels - a Dutch designer's solution to Beijing's pollution.  Video 

Insider Trading

Insider Trading

Rajaratnam's brother loses bid to dismiss insider trading charges.  Full Article 

Literary Giant Dies

Literary Giant Dies

Mourning and memories in Gabriel Garcia Marquez's languid hometown.  Full Article 

S&P on India

S&P on India

S&P: India's ratings to depend on next govt econ, fiscal policies.  Full Article 

Ambitious Aim

Ambitious Aim

In green car race, Toyota adds muscle with fuel-cell launch.  Full Article 

Bond Market

Bond Market

A star abroad, RBI boss riles bond traders at home  Full Article 

Reuters India Mobile

Reuters India Mobile

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