Rupee gains; Jet-Etihad deal inflows watched

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Reuters
Last Updated : Apr 25 2013 | 10:20 AM IST

Reuters Market Eye - The rupee higher weaker, at 54.20/22 from its previous close of 54.38/39, tracking global dollar weakness, says a senior dealer.

Dealers say market also likely positioning for inflows from Jet-Etihad deal.

Local stocks up 0.7 percent.

Taiwan dollar, won, Singapore dollar, ringgit firm.

Ambitious Gulf carrier Etihad Airways is taking almost a quarter stake in India's Jet Airways , giving it a bigger foothold in the fast-growing Indian market.

The yen was steady against its major counterparts in early Asia trading on Thursday, with the dollar still shy of the 100-yen mark and the euro remaining off overnight lows hit in the wake of disappointing German data.

(Reporting by Subhadip Sircar)

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First Published: Apr 25 2013 | 10:02 AM IST

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