Reuters Market Eye - The rupee near a one-high in line with positive global risk sentiment and on the government move to allow investment in debt by foreigners, traders said. The pair at 54.09/10 versus 54.33/34 Friday close, hitting its lowest level since March 19 in trade.
India will ease restrictions for foreign institutional investors in government and corporate bonds next month to attract inflows and help fund a widening current account deficit, Finance Minister P. Chidambaram said on Saturday.
The euro rose broadly on Monday after Cyprus clinched a deal with international lenders for a bailout aimed at saving the country from financial meltdown.
(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