Rupee falls on oil demand, buying by state-run banks
|
Last Updated: Wed, Jan 23, 2013 13:10 hrs
Reuters Market Eye - The rupee falls as importer demand kicks in, led by oil-related dollar buying, say dealers. The rupee is at 53.78/79, off 53.655 highs, versus 53.81/82 last close.
Demand from state-run banks also helping pair, add dealers.
RBI's easing exporter rules will also provide some support for pair.
(Reporting by Subhadip Sircar)
most popular on facebook
talking point on sify finance
today's most read on sify finance
- iGate sacks Phaneesh Murthy for sexual misconduct Read 970 Times
- Murthy to lose $1-mn benefits Read 391 Times
- L&T: Q4 numbers disappoint, but valuations don't Read 338 Times
- Nude maid service raising eyebrows in Texas city Read 284 Times
- Samsung says Galaxy S4 sales hit 10 million Read 281 Times
