SPONSORED BY

Auto Segment
Mutual Fund Segment
My Budget
Expert Speak
In Association With
 
Business Standard

Rupee recovers from day's low, at 55.41

Some selling from foreign banks on likely custodian flows also seen

Related News

The trades at 55.41/42 per dollar, recovering sharply from the day's low of 56.09 as exporter sales and a recovery in the euro towards session high hurts; pair had closed Thursday at 55.65/66.

Traders cite dollar flows from who had still not converted half of their earnings into rupees as mandated by RBI. Some selling from on likely custodian flows also seen, say dealers.

Euro trades near session highs of $1.2566, while domestic shares also recover on the back of stronger European markets.

Read more on:   
|
|
|
|

Read More

Rupee recovers from record low of 56.52

Snapping the two-day fall, the rupee today recovered 16 paise against the dollar to close at 56.08 after slipping to a record low of 56.52 on ...

Recommended for you

Quick Links

More news from Finance Rss icon

Inflation to over-perform RBI forecast, opens up space for further rate cut: Eco Survey

Dovish trajectory to make space for central bank to cut rates

Quantum of SLR cut hinges on fiscal discipline

Emphasis on reducing required statutory liquidity ratio

SIT writes to RBI on financial transactions of HSBC, India for FY12 and FY13

May seek details of last 16 years as well

Back to Top