Reuters Market Eye - The rupee is off lows on dollar selling from custodian banks and corporates, say dealers. The Indian unit is trading at 61.39/40, off a session low of 61.58, but still below Friday's close of 61.27/28.
Dollar selling by a mid-sized private oil company also keeps USD/INR pair gains in check.
Selling from custodian banks comes as the BSE Sensex is nearly flat on profit-taking after earlier touching its highest intraday level since November 2010, while the broader Nifty is also flat after hitting its highest since May 2013.
Foreign institutional investors (FIIs) bought Indian shares worth 17.52 billion rupees on Friday, marking their biggest single-day buying since September 19 and bringing their total over 11 sessions to 93.10 billion rupees.
(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