Rupee off lows; foreign banks, exporters sell dollars
Reuters Market Eye - The rupee is off one-month lows as dealers cite dollar selling by two foreign banks. Pair at 54.28/29, 54.44 intraday high, versus Friday's close of 54.22/23.
Dealers cite some dollar selling by exporters taking advantage of rupee at one-month lows.
Pair broke above its 100-day moving average on Friday, currently at 54.1374.
(Reporting by Subhadip Sircar)
- Tweet this
- Share this
- Digg this
Half of India's thermal power stations have less than a week's supply of coal on hand, according to weekly data, the lowest level since mid-2012 when millions of people were left without power in one of the world's worst blackouts. Full Article
In race for bigger margins, drug makers willing to lose the India "advantage". Full Article