Rupee edges up at open but month-end dollar demand weighs
The domestic share market also trading up 0.5% and likely to limit sharp gains in the pair
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The domestic share market also trading up 0.5% and likely to limit sharp gains in the pair
The rupee opens above the 62 mark, but soon falls from session highs to trade at 62.11/12 versus its previous close of 62.16/17 as month-end dollar demand from oil importers continues to weighs.
Stronger Asian currencies and a fall in the non-deliverable forwards market is likely to keep a downward pressure on the USD/INR pair.
The domestic share market also trading up 0.5% and likely to limit sharp gains in the pair.
Asian currencies trading slightly stronger against the dollar.
First Published: Dec 27 2013 | 10:07 AM IST