Rupee rises against dollar tracking Sensex, Nifty; oil demand seen
The Indian rupee traded at 54.88/89 level, up from its previous close of 55.06/07 helped by gains in domestic shares and a risk-on mood globally as hopes rise for a compromise in the U.S. fiscal crisis. Rupee had earlier risen to as much as 54.79.
The Sensex rose 0.5 per cent, while Nifty breached 5600 mark.
Traders now see the currency moving in a 54.80 to 55.10 range in the first half of the session. Dollar demand from oil importers are expected to limit the downside for the pair.
Dealers are also awaiting the start of the winter session of parliament on Thursday.
The Sensex rose 0.5 per cent, while Nifty breached 5600 mark.
Traders now see the currency moving in a 54.80 to 55.10 range in the first half of the session. Dollar demand from oil importers are expected to limit the downside for the pair.
Dealers are also awaiting the start of the winter session of parliament on Thursday.
0 comments:
Post a Comment