New Document top_band
 
Business Standard

Rupee off highs after IIP contracts

The industrial output data shows an unexpected contraction

Read more on:    Rupee | Dollar | Sbi | Courts | Local Stocks
Related News

falls to 55.1050/11 from a session high of 55.0450 after industrial output data shows an unexpected contraction, but the unit is still higher from its Wednesday's close of 55.42/43.

Dealers says factory data exacerbates concerns about slowing growth, especially after brokerages including Citigroup and CLSA have downgraded their growth forecasts this week.

The BSE Sensex pares gains after the data, but is up 0.2 percent on the day.

Some oil-related buying of dollars seen in the session, one dealer says. Tips 55.05-55.45 band for the rest of the day.

Read more on:   
|
|
|
|

Read More

Rupee gains on better-than-expected GDP, euro rally

The Indian rupee rebounded from session lows to gain for the day after the economy grew more strongly-than-expected in the April-June quarter, while ...

Quick Links

News Rss icon

LIC Housing Finance takes over Orbit Corp's Mumbai property

Orbit's total amount outstanding is Rs 95.50 crore including interest, expenses and other charges

VCES a rare opportunity, make fresh start, says Chidambaram

The FM asked hose in trade and industry to seize the offer

Govt allows greater flexibility for pension fund investments

But the EPFO board would need to approve the changes before they become official

Back to Top