Rupee at 1-month high; stocks to be watched
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Mumbai: The rupee strengthened past 50 per dollar in early trade on Monday, its strongest in more than a month, on expectations local shares may rise following the lead of regional markets.
* At 9:10 a.m. the partially convertible rupee was at 49.96/97 per dollar, stronger than its Thursday's close of 50.33/35. The currency market was closed on Friday for a local holiday.
* At 0340 GMT, the Hang Seng was up 3 per cent, the Kospi was higher by 2.3 per cent and Nikkei rose 1.9 per cent.
* The Nifty futures in Singapore were trading 2.1 per cent stronger, indicating a firm start in the local market.
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* The BSE Sensex jumped 4.5 per cent on Thursday to its best close in five months, as markets elsewhere also rose strongly as investors across Asia and Europe rode optimism that the worst had passed for the world economy.
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