HindustanTimes Mon,21 Apr 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.


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.

more from Business

TCS, Mitsubishi to form software services company

India's largest IT services exporter Tata Consultancy Services has signed a pact with Japan's Mitsubishi Corp to create a Japanese software services provider, the companies said in a statement.
Most Popular
Copyright © 2014 HT Media Limited. All Rights Reserved