Do More With Reuters
Partner Services

Indian rupee at 1-wk highs; stocks open watched

Fri Nov 6, 2009 9:19am IST
 
Email | Print | | Single Page
[-] Text [+]

MUMBAI, Nov 6 (Reuters) - The Indian rupee strengthened to its highest in more than a week on Friday boosted by gains in regional shares, which could prompt foreign fund inflows into the local sharemarket.

* At 9:07 a.m. the partially convertible rupee INR=IN was at 46.81/82 per dollar, its strongest since Oct. 27, and above its previous close of 47.0150/0250.

* At 0337 GMT, the MSCI index .MIAPJ0000PUS of Asian stocks ex-Japan was 1.7 percent higher, while the Nifty India stock futures SINc1 traded in Singapore were up 1 percent, both suggesting a higher start to the local sharemarket.

* The dollar held steady on Friday with investors consolidating positions ahead of October non-farm payrolls data due later in the session, a report that would highlight the durability of an economic recovery. [USD/] (Reporting by Swati Bhat; Editing by Prem Udayabhanu)

India Investment Summit 2009
India Investment Summit 2009

Top executives and bankers discuss their own plans and the broader opportunities and challenges for India during the Reuters India Investment Summit in Mumbai and Bangalore.  Full Coverage | Blog 

Hugh Hefner
PLAYBOY SALE
An icon bows to changing times

With his Playboy Enterprises in talks to be sold for about $300 million, the 83 year-old Hugh Hefner will be giving up control over the iconic adult entertainment empire he founded that was instrumental in shaping society's opinions on nudity, sex and free speech.  Full Article 

Market Update

  • IndiaIndia
  • USUS
  • UKUK
  • Asia
  • Most Actives

SPECIAL REPORT

Himangshu Watts
India's food dilemma

Indian farms are failing to attract capital or talent, either from rich landlords or the students who graduate from agricultural universities.  Full Article | Related Story 

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