Rupee higher ahead of GDP, NTPC share sale

RUPEE-INDIA-GDP-NTPC-SHARE-SALE:Rupee higher ahead of GDP, NTPC share sale
  • Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead Masteryourmoney Earnings
moneycontrol.com

Feb 07, 2013, 09.46 AM | Source: Reuters

Rupee higher ahead of GDP, NTPC share sale

RUPEE-INDIA-GDP-NTPC-SHARE-SALE:Rupee higher ahead of GDP, NTPC share sale

Like this story, share it with millions of investors on M3

Rupee higher ahead of GDP, NTPC share sale

RUPEE-INDIA-GDP-NTPC-SHARE-SALE:Rupee higher ahead of GDP, NTPC share sale

Post Your Comments

Share Cancel

Reuters Market Eye - Rupee trading higher. The pair is at 53.09/11 versus 53.155/165 on Wednesday.

The BSE Sensex is down 0.3 percent in opening trades.

Provisional figures show foreign funds bought $213.79 million of equities on Wednesday, ahead of NTPC's share sale.

The floor price for state-run power utility NTPC's share sale, scheduled for Thursday, has been set at 145 rupees, or a 4.5 percent discount to its Wednesday's close, said the company, valuing the sale at about $2.14 billion.

Advance GDP estimates for 2012/13 will be watched for any greenshoots in the economy after recent reform steps.

The rupee will strengthen slightly over the next 12 months, building on recent gains following a series of reforms by the government aimed at bringing its finances under control, a Reuters poll showed.

(Reporting by Subhadip Sircar)

Ads by Google

Buy, Hold, Sell ? Hear it first on M3
Rupee higher ahead of GDP, NTPC share sale

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login