Business Standard

Rupee at over one-week high

Image

Reuters

Reuters Market Eye - The rupee rises further to hit a more than one-week low of 54.3850 and currently trading at 54.47/48 versus its previous close of 54.56/57.

Gains in the domestic share market helping the rupee.

Traders also expect dollar inflows towards the stake-sale in a government firm. The Indian government will sell a 12.5 percent stake in state-run Rashtriya Chemicals and Fertilizers through an auction of shares to raise about $57 million.

However, 54.40 is likely to be a decent resistance for the pair during the session, traders say.

(Reporting by Swati Bhat)

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

First Published: Mar 08 2013 | 2:03 PM IST

Explore News