Rupee gains in early trade tracking NDF
Dollar demand from importers later in the day may affect rupee
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<a href="http://www.shutterstock.com/pic-36175126/stock-photo-a-pile-of-indian-coins-shallow-dof.html" target="_blank">Rupee</a> image via Shutterstock
The rupee appreciated in early trade todat tracking the Non Deliverable Forwards (NDF) market.
At 9:30 am, the rupee was trading at Rs 61.34 compared with previous close of Rs 61.55 per dollar.
The one month NDF was quoting at Rs 61.15.
According to currency dealers, dollar demand from private sector oil importers may emerge during the day due to which the rupee may weaken.
At 9:30 am, the rupee was trading at Rs 61.34 compared with previous close of Rs 61.55 per dollar.
The one month NDF was quoting at Rs 61.15.
According to currency dealers, dollar demand from private sector oil importers may emerge during the day due to which the rupee may weaken.
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First Published: Oct 15 2013 | 9:43 AM IST