| Date: |
09-04-2013 |
| Subject: |
Indian rupee at near one-week high |
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The rupee is at 54.47/48 after hitting 54.4625, its highest since April 3, and weaker compared with its close of 54.56/57 on Monday.The pair is seen moving in a 54.30 to 54.60 range during the session.
Traders say gains in regional share and currency markets are hurting the dollar.
All Asian currencies trading stronger compared to the dollar.The BSE Sensex is up 0.2 percent in early trade.
The Indian rupee opened slightly higher at 54.49 per dollar versus 54.56 on Monday.
The euro rose to 1.30 to the dollar. The dollar index slips towards the 82.50 mark. Meanwhile, the yen pushed deeper into multi-year lows versus the dollar.
Agam Gupta, Standard Chartered Bank said, "We expect a general risk on sentiment for the rupee due to the dollar's weakness overnight. Lower Chinese inflation also supports the currency and it may range between 54.40-54.70/USD."
Source : moneycontrol.com
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