Don’t miss the latest developments in business and finance.

Rupee higher; stronger Asian FX

Image
Reuters
Last Updated : May 06 2013 | 9:50 AM IST

Reuters Market Eye - The rupee is higher tracking gains in Asian FX, at 53.84/85 versus its close of 53.935/945 on Friday.

Asian currencies trading firmer versus the dollar.

Senior dealer says equity flows expected in coming days with Jet Airways selling stake to Etihad, Unilever's open offer for Indian unit.

Tips 53.50-54.00 band for the session.

Charts show 53.60-65 levels on downside very strong crucial support, being lower end of a triangle consolidation which has lasted since Sept 2011.

A clear break of support through 53.50 should see strong move lower on USD/INR.

(Reporting by Subhadip Sircar)

Also Read

First Published: May 06 2013 | 9:35 AM IST

Next Story