Indian rupee at 2-wk peak on dlr losses; stx rise
MUMBAI, Nov 9 (Reuters) - The Indian rupee jumped to two-week highs on Monday buoyed by the dollar's fall against major units overseas and tracking gains in other regional shares which could prompt foreigners to invest in the local stock market.
* At 9:03 a.m. the partially convertible rupee INR=IN was at 46.61/62 per dollar, its highest since Oct. 26 and above its previous close of 46.81/82.
* The U.S. dollar fell on Monday while the New Zealand dollar led other commodity-linked currencies sharply higher after dairy giant Fonterra lifted its forecast payout to farmer shareholders by almost 20 percent. [USD/]
* The dollar index .DXY, a gauge of the U.S. unit's performance versus six majors, was down 0.4 percent. Most Asian currencies were also stronger compared to the dollar. For a snapshot see [EMRG/FRX]
* At 0333 GMT, the MSCI index .MIAPJ0000PUS of Asian stocks ex-Japan was 1.4 percent higher, while the Nifty India stock futures SINc1 traded in Singapore were up about 0.1 percent, both suggesting a flat to higher start to the local sharemarket. (Reporting by Swati Bhat; Editing by Sunil Nair)
© Thomson Reuters 2009 All rights reserved
India Investment Summit 2009
Top executives and bankers discuss their own plans and the broader opportunities and challenges for India. Full Coverage
GLOBAL RECOVERY
Global economy in holding pattern - IMF
The global economy is in a holding pattern and vulnerable to more upheaval, the head of the IMF said, adding a lasting recovery will depend on policymakers taking the proper steps in the coming months. Full Article





India
US
UK









