Advertisement

HindustanTimes Thu,31 Jul 2014

Rupee edges up; shares eyed for cues

Reuters   March 18, 2014
First Published: 12:08 IST(18/3/2014) | Last Updated: 12:13 IST(18/3/2014)

The rupee edges up to 60.95/96 versus its Friday close of 61.19/20, tracking gains in the domestic share market. Financial markets were closed on Monday for a local holiday.

Most other Asian currencies trading stronger compared with the dollar.

Traders will also monitor the domestic share market for cues on foreign fund flows.

The euro edged up 0.1% to $1.3934, within reach of a 2-1/2-year high around $1.3967 hit on Thursday on diminished expectations of easing by the European Central Bank.

Traders expect importers to buy the greenback around 60.85-90 levels holding the USD/INR pair in a 60.80 to 61.20 range for the session.


Advertisement
more from Business

Amazon lines up $2 billion for expansion in India

Amazon, which launched its India operations in June last year, has been making a big push into the country’s rapidly-growing online retail market. Even though a late entrant, the company has big plans for India.
markets
Advertisement
Most Popular
Advertisement
Advertisement
Copyright © 2014 HT Media Limited. All Rights Reserved