Sunday, 19 May 2013

Rupee Hits 2-1/2 Month Low

the rupee is trading at 54.02/03 after touching 55.07 in opening deals, its lowest since March 4. Traders say a weak euro is helping the USD/INR pair but gains in domestic shares may support the local unit.


The pair will face initial resistance at 55.15 a break of which can take it to 55.35, traders say.


The BSE Sensex is trading up more than 100 points while the broader 50-share Nifty is trading up 0.6 percent.


Source:-in.reuters.com





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