Rupee rises in trade

Fri Feb 22, 2013 2:44pm IST

Rupee notes are stapled to form a garland at a market in Srinagar May 20, 2008. REUTERS/Fayaz Kabli/Files

Rupee notes are stapled to form a garland at a market in Srinagar May 20, 2008.

Credit: Reuters/Fayaz Kabli/Files

Related Topics



Reuters Market Eye - The rupee gains, largely driven by dollar selling on bunched up inflows after thin volumes seen during a two-day strike that ended on Thursday, say dealers.

The pair is at 54.35/36, 54.5350 intraday high, versus Thursday's close of 54.47/48.

Flows seen from custodial as well as state-run banks.

Some dealers cite inflows related to TPG Capital's $305 million stake sale in commercial vehicle financier Shriram Transport Finance Co Ltd (SRTR.NS).

Dollar continued at near a 5-1/2-month high against a basket of currencies on Friday, with the euro tumbling to a six-week low.

(Reporting by Subhadip Sircar)

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

  • Most Popular
  • Most Shared

Market Eye


Bullish on Equities

Bullish on Equities

Bullish on Indian equities, but gains seen 'less sharp'- Goldman Sachs  Full Article 

Streamlining Operations

Jet Streamlines

Jet Airways chairman says looking to restructure debts, talking to bankers  Full Article 

Political Economy

Political Economy

Analysis - Watch what markets don't do as world politics turns nasty   Full Article 


Honda's India Thrust

Honda's India unit to account for 25 pct of Asia Pacific sales by March 2017 - exec   Full Article 

Short of Expectations

Short of Expectations

Apple revenue lags Street's view despite strong China growth  Full Article 

Mircosoft Results

Microsoft Results

Microsoft revenue rises, profit falls as Nokia absorbed  Full Article 

Relief For Sahara

Relief For Sahara

Supreme Court could allow Sahara boss to conduct asset sale talks, company says.  Full Article 


Food Scandal

Five held in China food scandal probe, including head of Shanghai Husi Food   Full Article 

Reuters India Mobile

Reuters India Mobile

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