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Rupee at day's high; 54-54.05 next support

Source : REUTERS
Last Updated: Thu, Apr 25, 2013 07:25 hrs
A shopkeeper holds a garland made of Indian currency notes inside his shop at Noida

The rupee is at day's high with foreign banks selling, says dealer. The pair is at 54.115/13, 54.26 intraday high, against its previous close of 54.38/39.

"If the 54.14-54.16 support area is broken conclusively, we should see 54-54.05 intraday," says a private bank dealer.

Dealers also watching inflows from Jet Airways stake sale to Etihad.

Ambitious Gulf carrier Etihad Airways is taking almost a quarter stake in Jet Airways , giving it a bigger foothold in the fast-growing Indian market. & The euro bounced back against the dollar and yen in Asian trading on Thursday, as investors covered some short positions taken in the wake of disappointing German data.




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