Do More With Reuters
Partner Services

Indian rupee at 2-wk peak on dlr losses; stx rise

Mon Nov 9, 2009 9:08am IST
 
Email | Print | | Single Page
[-] Text [+]

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)

India Investment Summit 2009
India Investment Summit 2009

Top executives and bankers discuss their own plans and the broader opportunities and challenges for India.  Full Coverage 

GLOBAL RECOVERY

A labourer works on a flyover bridge at a construction site in New Delhi October 14, 2009. REUTERS/Parth Sanyal/Files
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 

Market Update

  • IndiaIndia
  • USUS
  • UKUK
  • Asia
  • Most Actives

BLOGS

Photo
Calculated Move

Reliance aims big with $12 bln bid for LyondellBasell.  Blog 

showcase

U.S. Recession
U.S. Recession

A trip through the epicenters of the American recession.  Full Coverage 

 
Central Banks Cautious
Central Banks Cautious

Reuters tracks the policies of the world's top central banks as the debate over global economic recovery rages on.   Full Coverage 

 
T P Raman
Column - RBI leads the world

Reserve Bank of India's approach ring-fenced the banking system.   Full Article 

 
Funding Blues
Funding Blues

A popular tactic used by Indian brokerages to raise money for rich clients is likely to be banned.  Full Article 

 
Not Enough Jobs
Not Enough Jobs

Venture capital creates jobs, but not enough.  Full Article 

 
Column - A Sweet Dream
Column - A Sweet Dream

There are good reasons for Ferrero to consider a combination with Cadbury.  Full Article