Rupee seen opening slightly up, shares key

Published on Tue, Feb 28, 2012 at 08:32 |  Source : Reuters

Updated at Tue, Feb 28, 2012 at 08:39  

Like this story, share it with millions of investors on M3
0
0
Share on Tumblr
Rupee seen opening slightly up, shares key

The rupee is likely to open a tad stronger on Tuesday, tracking firmer regional peers and the dollar's losses versus major currencies.

* The MSCI index of Asian stocks ex-Japan was up 0.35% at 0226 GMT and the Nifty India stock futures index in Singapore rose 0.62%.

* However, the euro nursed modest losses in Asia on Tuesday, retreating from a near three-month peak of USD 1.3486 set on Friday, after S&P cuts Greece ratings to 'selective default'.

* Traders said the rupee should open around 49.20 to the dollar and move between 48.80 and 49.40. It closed at 49.2150/2250 on Monday.

* Investors are hoping the European Central Bank's upcoming second liquidity injection will support sentiment and revive risk appetite.

  

Trending News

Business News

Hands on Preview of the Samsung Galaxy S III
Morgan Stanley bomb: Predicts India's 2012 GDP at 5.7% "Morgan Stanley bomb: Predicts India's 2012 GDP at 5.7%"

Ranvir Sena chief killed, Bihar on high alert

May Auto Sales HMSI Total Sales Up 56% At 2.21 Lakh Units (YoY)

The latest earning numbers FIRST on CNBC-TV18
Videos

Jun 1 2012, 14:57

Delisting candidates are risky; be cautious: SMC

- in MARKET OUTLOOK

Jun 1 2012, 11:57

Raamdeo Agrawal lauds Q4 nos, sees drastic rate cuts ahead

- in MARKET OUTLOOK

Interviews

Jun 1 2012, 15:36 | Source: CNBC-TV18

M&M performed well on strategy, not fuel prices: Nayer  

Jun 1 2012, 11:29 | Source: CNBC-TV18

HDIL eyes revenues of Rs 2500 cr in FY13  

Subscribe to

Moneycontrol Newsletters

Moneycontrol.com offers you a choice of various sectoral and other newsletters for FREE!