Rupee off one-week low on corporate flows
Reuters Market Eye - The rupee is off one-week low as dealers cite corporate inflows. Pair last at 61.34/35 versus Thursday's close of 61.17/18 after rising to 61.55.
Dealers cite inflows from a large engineering company as well as from a software services company.
The pair is up 0.5 percent so far this week, on way to break two weeks of losses.
Reaction muted to WPI inflation easing to a nine-month low in February.
(Reporting by Subhadip Sircar)
- Tweet this
- Share this
- Digg this
India threatened on Friday to block a worldwide reform of custom rules, which some estimates say could add $1 trillion to the global economy and create 21 million jobs, prompting a U.S. warning that its demands could kill global trade reform efforts. Full Article