Go Ad-Free
    My Alerts
    Moneycontrol
    Moneycontrol PRO
    HomeNewsBusinessMarketsRupee seen up on dollar sales by exporters

    Rupee seen up on dollar sales by exporters

    The rupee is likely to nudge higher early on Friday as exporters cash in their earnings on the last trading session of the fiscal year, traders said.

    March 30, 2012 / 15:32 IST

    The rupee is likely to nudge higher early on Friday as exporters cash in their earnings on the last trading session of the fiscal year, traders said.


    * Slight overnight gains in the euro should also help the rupee, which fell 1.2% on Thursday in its biggest single-session slide since December 12, they said.


    * Traders forecast the rupee would open between 51.20 and 51.25 to the dollar and move in a wide range of 50.80 to 51.60, with oil payments keeping the market volatile. It closed at 51.39-40 on Thursday.

    first published: Mar 30, 2012 09:02 am

    Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

    Subscribe to Tech Newsletters

    • On Saturdays

      Find the best of Al News in one place, specially curated for you every weekend.

    • Daily-Weekdays

      Stay on top of the latest tech trends and biggest startup news.

    Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347