Rupee off lows, more RBI measures seen

Trader tips 53.25-53.70 range for session

now at 53.45/46 after falling to as low as 53.58, with one local trader saying market remains "jittery" about the stepping in.

A state-run bank was on the sell side, but most likely to shed some positions, say traders.

Markets also see potential for some more measures from the RBI beyond intervention, including possible restrictions on currency futures trading.

Trader tips 53.25-53.70 range for session.

image
Business Standard
177 22
Business Standard

Rupee off lows, more RBI measures seen

Trader tips 53.25-53.70 range for session

Reuters  |  Mumbai 

now at 53.45/46 after falling to as low as 53.58, with one local trader saying market remains "jittery" about the stepping in.

A state-run bank was on the sell side, but most likely to shed some positions, say traders.

Markets also see potential for some more measures from the RBI beyond intervention, including possible restrictions on currency futures trading.

Trader tips 53.25-53.70 range for session.

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Rupee off lows, more RBI measures seen

Trader tips 53.25-53.70 range for session

Rupee now at 53.45/46 after falling to as low as 53.58, with one local trader saying market remains "jittery" about the RBI stepping in.

now at 53.45/46 after falling to as low as 53.58, with one local trader saying market remains "jittery" about the stepping in.

A state-run bank was on the sell side, but most likely to shed some positions, say traders.

Markets also see potential for some more measures from the RBI beyond intervention, including possible restrictions on currency futures trading.

Trader tips 53.25-53.70 range for session.

image
Business Standard
177 22
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