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Rupee off highs; Carlyle stake sale flows seen

Source : REUTERS
Last Updated: Fri, Oct 05, 2012 05:23 hrs
A shopkeeper counts Indian currency notes inside his shop in Jammu

The rupee falls to 51.57/58, after hitting an intraday high at 51.32, on outflows related to a stock stake sale, several dealers say. The pair closed at 51.74/75 on Thursday.

Several dealers cite USD outflows related to Carlyle Group's estimated $841 million stake sale in mortgage lender HDFC .

State-run bank dealer tips 51.35-51.75 range for the rest of the session; expects oil bids.


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