Rupee off highs in afternoon trade
Month-end dollar demand keeps rupee under pressure
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The rupee was off highs in aftertoon trade but was still quoting stronger against previous close.
At 12:10 pm, the rupee was quoting at Rs 61.56 compared with previous close of Rs 61.65 per dollar. The rupee had opened at Rs 61.10 today.
According to currency dealers, month-end dollar demand is keeping the rupee under pressure.
The rupee appreciated in early trade as the latest US non-farm payroll data raised hopes that US tapering will be delayed.
The data showed that the US jobless rate fell to 7.2% in September from 7.3% the previous month but job creations remained sluggish.
At 12:10 pm, the rupee was quoting at Rs 61.56 compared with previous close of Rs 61.65 per dollar. The rupee had opened at Rs 61.10 today.
According to currency dealers, month-end dollar demand is keeping the rupee under pressure.
The rupee appreciated in early trade as the latest US non-farm payroll data raised hopes that US tapering will be delayed.
The data showed that the US jobless rate fell to 7.2% in September from 7.3% the previous month but job creations remained sluggish.
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First Published: Oct 23 2013 | 12:50 PM IST