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HindustanTimes Thu,23 Oct 2014

Rupee rises on corporate inflows, stronger Asian FX

Reuters  Mumbai, April 29, 2014
First Published: 10:19 IST(29/4/2014) | Last Updated: 16:17 IST(29/4/2014)

The rupee rises to 60.42/43, compared with its close of 60.6450/65 on Monday, reversing earlier losses due to large dollar sales from corporates, including some exporters.

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Firmer Asian currencies also weigh on the dollar, although investors are largely cautious ahead of the Fed's policy meeting ending on Wednesday.

Traders expect USD/INR to remain under pressure for the rest of the session, although they note oil importers could step in to buy dollars.


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