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    HomeNewsBusinessMarketsRupee higher; awaits June factory data

    Rupee higher; awaits June factory data

    Rupee opens higher tracking gains in risk assets in Asian trade. Pair at 55.21/22 versus 55.42/43 Wednesday local close.

    August 09, 2012 / 15:54 IST

    Rupee opens higher tracking gains in risk assets in Asian trade. Pair at 55.21/22 versus 55.42/43 Wednesday local close.


    Traders will watch for June factory data at 11 am., which, if throws up a positive surprise, may lead to rupee gains on back of a stock rally.


    India's industrial output grew at a slower pace in June, hobbled by weak investment at home because of policy inaction and a drop in export orders from the United States and Europe, a Reuters polls showed on Tuesday.


    Dealers will also watch for oil-related USD demand which has been consistent in the last few sessions.

    first published: Aug 9, 2012 09:32 am

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