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Rupee gains after strong output data

Source : REUTERS
Last Updated: Wed, Dec 12, 2012 06:42 hrs
An employee counts Indian currency notes at a cash counter inside a bank in Kolkata

The rupee rises to 54.18/19 after data shows industrial output jumped 8.2 percent in October, well above Reuters forecast for a 4.5 percent rise. The pair was trading at around 54.24/25 before the data.

Other markets show more muted reaction, given output data is known for its volatility. Investors also waiting to see the monthly inflation data due on Friday.


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