The rupee falls to 56.28/30 from its 56.12/13 previous close, though above session low of 56.44.
Dealers say USD/INR off session high as euro rallies on media reports that European Central Bank policymaker Ewald Nowotny saw grounds for giving the euro zone bailout fund a banking licence.
Senior dealer tips 56.10-56.45 range for the rest of the session.
Month-end dollar demand from oil companies also seen, supporting USD/INR.
Custodian banks, including a U.S. bank, seen selling intermittently, but not much impact as USD demand is strong.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app