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Rupee rises, tracks gains in Asian currencies

Economic data sparks hopes of continued stimulus from central banks

Reuters
The rupee is trading at 61.055 compared with previous close of 61.215/225. Asian currencies gained after flood of soft economic data sparked hopes of continued stimulus from central banks.
 
The Nifty is up 0.4%, heading for fourth consecutive day of gains.
 
USD/INR is down 0.12% for the week, marking second consecutive week of mild falls.
 

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First Published: Aug 14 2014 | 2:04 PM IST

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