Rupee seen opening higher on U.S. jobs data

Published on Mon, Feb 06, 2012 at 08:36 |  Source : Reuters

Updated at Mon, Feb 06, 2012 at 11:17  

Like this story, share it with millions of investors on M3
0
0
Share on Tumblr
Rupee seen opening higher on U.S. jobs data

MUMBAI (Reuters) - The rupee is expected to open stronger on Monday after surprisingly robust U.S. jobs data bolstered investor risk appetite across world markets.

* Traders said the rupee would open around 48.30 to the dollar and move in a band of 48.20 to 48.75. It ended at 48.6850/6950 on Friday, posting its fifth straight weekly rise.

* At 0225 GMT, the MSCI index of Asian stocks ex-Japan was up 0.32 percent, while the Nifty India stock futures in Singapore were 0.93 percent higher, indicating a positive opening for local stocks.

* The United States created jobs at the fastest pace in nine months in January and the unemployment rate unexpectedly dropped to a near three-year low, giving a boost to President Barack Obama.

* Traders said the developments on the Greece rescue package would be watched for further direction.

* Greece's coalition parties must tell the European Union by Monday whether they accept the painful terms of a new bailout deal worth 130 billion euros in order to avoid a disorderly default.

(Reporting by Archana Narayanan; Editing by Ranjit Gangadharan)

  

Trending News

Business News

Windows 8 early adoption update to cost Rs. 800
Morgan Stanley bomb: Predicts India's 2012 GDP at 5.7% "Morgan Stanley bomb: Predicts India's 2012 GDP at 5.7%"

Truce in BJP? Modi meets Advani, Vajpayee

Re-listing Guidelines Lock-in On Promoter Grp Hold For 1 Yr Fm Date Of Re-listing

The latest earning numbers FIRST on CNBC-TV18
Videos

Jun 1 2012, 19:15

Market may dip 10-15% this month: Jeff Chowdhry

- in FII View

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!