Reuters Market Eye - The rupee slips, at 61.63/64 versus last close 61.59/60.
Dealers say no major trigger in the session, will wait for month-end importer dollar demand.
Foreign funds extend buying in local stocks for a 14th session, being provisional buyers of $104.7 million on Wednesday, exchange data showed.
Rally risk continues to rise with another dip to test key 50 percent fibonacci support at 61.17 gets bought on Wednesday. See
The dollar edged up against major counterparts in early Asian trade on Thursday, but was hemmed in recent ranges as investors remained cautious about liquidity conditions in China.
(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