Advertisement

HindustanTimes Mon,28 Jul 2014

Rupee rises on inflows, improved risk appetite

Reuters  Mumbai, April 03, 2012
First Published: 09:34 IST(3/4/2012) | Last Updated: 09:37 IST(3/4/2012)

The rupee rose in opening deals on Tuesday, helped by bunched dollar inflows as trading resumed after a three-day break.

Advertisement

Improved risk appetite after manufacturing data from China and United States offset worries about a mild recession in the euro zone also supported the rupee, traders said.

At 9:02am, the rupee was at 50.57 to the dollar, stronger than Friday's close of 50.87/88. The market was closed on Monday for annual closing of bank accounts.


Advertisement
more from Business

Maruti hikes Celerio AMT output, looks to cut waiting period

Country's largest car maker Maruti Suzuki India (MSI) is looking to increase the supply of auto gear shift version of its latest compact hatchback Celerio to reduce the waiting period that currently stands at about four months.

markets
Advertisement
Most Popular
Advertisement
Advertisement
Copyright © 2014 HT Media Limited. All Rights Reserved