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May 08, 2012, 02.19 PM IST

Rupee at 1-week high; GAAR delay helps

Rupee at 52.7450/75, after rising earlier to a one-week high of 52.68 in intraday trade vs 52.9150/9250 last close. Dealers say positive sentiment on foreign fund inflows on GAAR delay, fears of an active RBI helping rupee

Source: Reuters
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Rupee at 1-week high; GAAR delay helps
Reuters Market Eye - Rupee at 52.7450/75, after rising earlier to a one-week high of 52.68 in intraday trade vs 52.9150/9250 last close. Dealers say positive sentiment on foreign fund inflows on GAAR delay, fears of an active RBI helping rupee.


Local stock, however, down 0.4 percent, bucking positive Asian trend.


Dealer tips 52.60-53.00 range for session.


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