Reuters Market Eye - The rupee is hovering near one-month lows on Asian FX weakness, says dealer. Pair at 54.38/39 versus Friday's close of 54.22/23.
The BSE Sensex opened flat.
The South Korean won led slides among emerging Asian currencies on Monday after the Group of 20 did not criticise Japan's reflationary policies, which have driven down the yen.
Private bank dealer says pair will watch stocks and euro for direction as there is no major local data in session.
Pair likely to trade in a 54.20-54.53 band for session.
(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