| Date: |
30-05-2011 |
| Subject: |
Rupee Up On Local Shares, Asian Peers; Euro Aids |
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The Indian rupee rose on Monday drawing comfort from positive local shares and Asian currencies alongside a strong euro.
* At 9:27 a.m., the partially convertible rupee was at 45.11/12, against last close of 45.16/17.
* For the day, the rupee could move in 45.00-45.20 range, traders said. Resistance for the local unit is, however, strong around 45.10 levels, they added.
* The euro was at $1.4286 and the index of the dollar against six major currencies at 74.895 points. On Friday, the euro had been at $1.4240 and the dollar index at 75.105 points.
* Indian shares rose 0.6 percent in early trade on Monday, led by gains in index heavyweights Reliance Industries and ICICI Bank , with mostly positive Asian markets boosting investor sentiment.
Source : economictimes.indiatimes.com
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