Business Standard

Tuesday, January 07, 2025 | 06:59 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

Rupee edges up, Moody's comments help

Debt-related dollar inflows also help rupee

<a href="http://www.shutterstock.com/pic-107101346/stock-photo--indian-rupees-high-resolution-seamless-texture-indian-money-seamless-texture.html" target="_blank">Online</a> image via Shutterstock

Reuters
The rupee edged up to 61.52/53 versus its previous close of 61.54/55, as debt-related dollar inflows and comments from Moody's helped the unit.

Foreign funds have bought nearly $2 billion worth of Indian debt so far in January.

Traders said comments from a Moody's analyst saying India was unlikely to be downgraded also helped the rupee.

Traders expect the pair to hold in a 61.42 to 61.65 range during the rest of the session.

BSE Sensex was trading down 0.4% and will be watched for cues on foreign fund flows.

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jan 16 2014 | 12:38 PM IST

Explore News