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Indian rupee seen up on better risk appetite
March 14, 2012 / 2:47 AM / 6 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)

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