Reuters Market Eye - Rupee edges higher in volatile trading at 56.11/12 versus its Wednesday's close of 56.17/18, tracking gains in regional currencies.
Asian currencies are mostly trading stronger versus the dollar.
Local shares marginally lower at opening, down 0.2 percent.
The dollar remained under pressure in early Asian trading on Thursday, after tumbling more than 1 percent against the yen in the previous session, on growing expectations that the U.S. Federal Reserve will maintain its stimulus for the time being.
Dealers will watch the gross domestic product data scheduled to be released on Friday, and are hoping weaker growth will push the RBI to cut interest rates again next month.
(Reporting by Subhadip Sircar)
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