March 14, 2012 / 2:47 AM / 5 years ago

Indian rupee seen up on better risk appetite

MUMBAI, March 14 (Reuters) - The Indian rupee is
expected to start higher on Wednesday in anticipation of capital
inflows as global risk sentiment improves.	
    * The rupee should open around 49.90 to the dollar
and move between 49.85 and 50.00, compared with Tuesday's close
of 49.93/94, traders said. 	
    * Investor risk tolerance has improved following strong
retail sales data from the United States, better economic
outlook predicted by the U.S. Federal Reserve and a sharp jump
in Germany's ZEW economic think tank's monthly sentiment survey
for March. 	
    * At 0230 GMT, the MSCI index of Asian stocks ex-Japan
 was up nearly 1 percent, while the Nifty India
stock futures index in Singapore was up 1.4 percent.	
	
 (Reporting by Aditya Phatak; Editing by Ranjit Gangadharan)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below