Indian rupee vs US dollar at session lows; lower WPI, strong shares hurt

Feb 14 2014, 16:39 IST
Comments 0
Traders say corporates seen selling dollars ahead of the interim budget due to be presented on Monday. Reuters Traders say corporates seen selling dollars ahead of the interim budget due to be presented on Monday. Reuters
SummaryIndian rupee vs US dollar trading near session lows at 62.16/17 versus its close of 62.42/43.

Indian rupee vs US dollar trading near session lows at 62.16/17 versus its close of 62.42/43 on Thursday, tracking gains in the domestic sharemarket and a lower-than-expected wholesale price inflation print.

Traders say corporates seen selling dollars ahead of the interim budget due to be presented on Monday.

India's wholesale price-based inflation eased to an eight-month low in January as food prices moderated, offering some relief to policymakers who have long battled to get a handle on surging prices.

Local shares closed up 0.9 percent, hurting sentiment for the greenback.

Ads by Google

More from BANKING & FINANCE

Reader´s Comments
| Post a Comment
Please Wait while comments are loading...