Web Sify
Follow us on

Rupee rises on lower-than-expected inflation

Source : REUTERS
Last Updated: Thu, Feb 14, 2013 07:26 hrs
An employee counts Indian rupee notes at a cash counter inside a bank in Agartala

The rupee gains gains after data shows a slower-than-expected rise in wholesale inflation in January. The pair trading at 53.84/85 from 53.89/90 levels before the data.

USD/INR closed at 53.82/83 on Wednesday.

India's annual wholesale price inflation eased to 6.62 percent in January, below expectations of 7 percent. Core inflation rose 4.1 percent, slower than an expected 4.2 percent rise.

The pair is seen holding in a 53.70 to 53.90 range during the rest of the session.

More from Sify:
blog comments powered by Disqus
  Cities   Price (10g)
  Chennai   Rs. 24500.00 (-0.33%)
  Mumbai   Rs. 25480.00 (-0.08%)
  Delhi   Rs. 25200.00 (0%)
  Kolkata   Rs. 25000.00 (0%)
  Kerala   Rs. 24400.00 (-0.41%)
  Bangalore   Rs. 24450.00 (0%)
  Hyderabad   Rs. 24580.00 (0%)
talking point on sify finance