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Rupee edges higher in line with regional peers

Source REUTERS
Last Updated: Wed, Feb 10, 2010 10:40 hrs
Rupee edges higher in line with regional peers

Rupee edged up early on Wednesday in line with stronger regional peers while early gains in the domestic sharemarket also helped by raising hopes for foreign capital inflows.

* At 9:32 a.m. the partially convertible rupee was at 46.58/59 per dollar, off an early high of 46.5050 but still stronger than its close of 46.66/67 on Tuesday.

* Most Asian units were stronger compared to the dollar.

* The euro extended gains on Wednesday, having earned a reprieve in the previous session, as investors unwound short positions in the single currency on reports that a rescue package for Greece was in the works.

* The BSE Sensex rose 0.6 percent in early trade on Wednesday but later turned marginally lower pulling down the rupee from its highs.

(Reporting by Swati Bhat; Editing by Ramya Venugopal)

(For more news on Reuters Money visit http://www.reutersmoney.in)

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