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Rupee may hurt by fall in equity market: Karvy

Karvy Stock Broking has come out with its report on currency. As per the research firm rupee range for the day is seen between Rs 50.85-51.40.

March 26, 2012 / 12:00 IST

Karvy Stock Broking has come out with its report on currency. As per the research firm rupee range for the day is seen between Rs 50.85-51.40.

After remaining weak on Friday, the local unit ignored positive domestic equities as demand for dollars remained high. It went on to hit its lowest level in two months. Spot finally settled at 51.20 Nifty scaled higher as markets saw buying interest based on positive global cues and short covering. The Nifty finally settled at 5278 The Dollar Index continued its gains on Friday. It closed at 79.35 On Friday, FII
first published: Mar 26, 2012 09:15 am

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