Business Standard

Rupee largely steady in trade

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Reuters

Reuters Market Eye - Rupee trades little changed at 54.79/80 versus its previous close of 54.78/79, after a mildly weaker start as a lower start to the domestic share market offsets the dollar's global weakness.

The dollar moved away from a fresh 4-1/2 year high against the yen hit in the previous session after disappointing U.S. industrial data caused U.S. Treasury prices to rise for the first time in a week, while the euro wobbled near a six-week low.

Almost all Asian currencies trading mildly stronger compared with the dollar.

The pair is seen moving in a 54.70 to 54.95 range early in the session.

 

Traders to monitor domestic shares for cues on foreign fund flows. Local shares <.BSESN> trading down 0.2 percent in pre-open trade.

(Reporting by Swati Bhat)

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First Published: May 16 2013 | 10:14 AM IST

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