 "Rupee near one-month highs; CPI data eyed")
The rupee is trading at 61.52/53 after hitting 61.49, its highest since December 12. It had closed at 61.89/90 on Friday.
Gains in the domestic sharemarket and broad losses in the dollar are helping the rupee but demand for the greenback from oil companies is limiting further gains.
Surprise contraction in the factory output in November is also hurting sentiment for the pair.
The consumer price inflation data due to be released at 5:30 pm (1200 GMT) will be crucial for further near-term direction.
The BSE Sensex is up 1.3%.
You’ve reached your limit of 10 free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app