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

Rupee off session highs; weak shares hurt

Image
Reuters
Last Updated : May 07 2014 | 4:30 PM IST

Reuters Market Eye - The rupee is trading at 60.09/10 versus its previous close of 60.11/12 and off the one-month high of 59.96 as dollar demand from oil firms and weak domestic shares hurt the Indian unit.

The BSE Sensex ends down 0.82 percent.

Traders say good dollar demand from state-run banks likely on behalf of oil importers seen.

Sentiment also remains cautious ahead of the outcome of the national elections next week which is expected to keep the rupee in a 59.80 to 60.60 range.

(Reporting by Swati Bhat)

Also Read

First Published: May 07 2014 | 4:14 PM IST

Next Story