Home / Financial News / Rupee flat, tracks weak shares

Rupee flat, tracks weak shares

Traders expect the pair to trade in a range of 59.25 to 59.45

Read more on:    Rupee | Us Dollar | Rupee Vs Dollar
Rupee

image via Shutterstock

The rupee is trading at 59.28/29 versus its close of 59.29/30 on Tuesday, tracking mixed Asian currencies and weakness in the domestic sharemarket.

Traders expect the pair to trade in a range of 59.25 to 59.45 for the day.

Traders will continue to monitor foreign fund flows into the debt and equity markets for near-term direction, while consumer price inflation data due on Thursday will also be watched, though a large impact on the foreign exchange market is unlikely.

Leave a Reply

x

Check Also

Debate on Article 370 marked by posturing, says RSS

The Rashtriya Swayamsevak Sangh (RSS) is recalibrating its discourse on its demand ...

Street cautiously positive on JSPL post coal mine

Jindal Steel and Power (JSPL), which witnessed its lowest point in the ...