Rupee rose on Tuesday retreating from a seven-week low touched in the previous session as mostly strong Asian peers lifted sentiment
even as local shares traded marginally weaker.
At 9:20 am, the partially convertible rupee was at 46.71/72, stronger than its close of 46.83/84 on Monday. Dealers said they expected the rupee to move in 46.60/90 range during the day. * Most Asian units were marginally stronger compared to the dollar.
Shares fell 0.3 per cent in early trade on Tuesday, led by losses in Reliance Industries and ICICI Bank, tracking weak Asian markets and as worries in euro zone weighed on investor sentiment.
The euro inched up against the dollar on Tuesday but remained within sight of an 8-month low hit last week, held back by persistent worries about the fiscal health of some euro zone countries.
Source : http://economictimes.indiatimes.com/markets/forex/Rupee-retreats-from-7-week-low/articleshow/5550782.cms
even as local shares traded marginally weaker.
At 9:20 am, the partially convertible rupee was at 46.71/72, stronger than its close of 46.83/84 on Monday. Dealers said they expected the rupee to move in 46.60/90 range during the day. * Most Asian units were marginally stronger compared to the dollar.
Shares fell 0.3 per cent in early trade on Tuesday, led by losses in Reliance Industries and ICICI Bank, tracking weak Asian markets and as worries in euro zone weighed on investor sentiment.
The euro inched up against the dollar on Tuesday but remained within sight of an 8-month low hit last week, held back by persistent worries about the fiscal health of some euro zone countries.
Source : http://economictimes.indiatimes.com/markets/forex/Rupee-retreats-from-7-week-low/articleshow/5550782.cms
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