February 15, 2013 / 8:49 AM / 4 years ago

MARKET EYE-USD/INR higher on euro, stock losses

1 Min Read

* USD/INR higher as local stocks in losses, euro
weakness. Pair at 54.04/05, off 53.85 lows, versus 53.92/93
Thursday's close.
* Pair is headed for second week of gains, up 1.07 percent.
* "USD/INR seen biddish from morning on euro weakness and
because of the fact that lesser number of working days next
week," says a private bank dealer. The forex market is shut on
Tuesday for a local holiday.
* Local shares down 0.5 percent. 
* The euro was weaker against the dollar with real money
investors cited as sellers. The single currency was down 0.2
percent on the day at $1.3336, not far from a three-week low of
$1.3315. 
 

 (subhadip.sircar@thomsonreuters.com/;
subhadip.sircar.thomsonreuters.com@reuters.net)

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