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Finance » Money & Forex Markets » Money & Forex Markets
Reuters  |  Mumbai  July 19, 2012 Last Updated at 16:20 IST

Rupee at day's high tracking euro, shares rise

Traders say dollar demand from oil firms was preventing further falls in the dollar/rupee

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Read more on:    rupee | currency | investors | partially convertible rupee
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 The rupee is trading at a session high of 55.14/16 versus its 55.48/49 close on Wednesday, tracking a jump in the euro and gains in domestic shares.

The euro rallies on a Dow Jones report the European Financial Stability Facility would be able to buy Spanish bonds on the primary and secondary markets.

The Sensex closed up 0.55 percent.

However, traders say dollar demand from oil firms was preventing further falls in the USD/INR.

Read more on:   
rupee
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currency
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investors
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partially convertible rupee

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Rupee pares initial gains, still up 3 paise at 55.55/dollar

The rupee pared its initial gains to trade higher marginally by 3 paise to 55.55 against the American currency in the late morning trade on fresh ...

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