Web Sify
Follow us on
Mail
Print

Rupee at one-week high on continued flows

Source : REUTERS
Last Updated: Thu, Jan 10, 2013 07:31 hrs
An employee uses an electronic machine to check an Indian currency note in Mumbai

Reuters Market Eye - The rupee rises to a one-week high on continued custodial inflows. The pair at 54.58/59 versus last close of 54.75/76. It slipped to 54.57, lowest since January 3.

"Good flows continue to hit the market. Oilers are doing sporadic buying, but are well supplied," says private bank dealer.

The pair has immediate support at 200-DMA at 54.5550.

(Reporting by Subhadip Sircar)


More from Sify:
blog comments powered by Disqus
most popular on facebook
talking point on sify finance