Rupee at day's high tracking euro, shares rise

The rupee is trading at a session high of 55.14-16 versus its 55.48/49 close on Wednesday, tracking a jump in the euro and gains in domestic shares.

July 19, 2012 / 16:54 IST

The rupee is trading at a session high of 55.14-16 versus its 55.48-49 close on Wednesday, tracking a jump in the euro and gains in domestic shares.

The euro rallies on a Dow Jones report the European Financial Stability Facility would be able to buy Spanish bonds on the primary and secondary markets.

The Sensex closed up 0.55%.

However, traders say dollar demand from oil firms was preventing further falls in the USD/INR.

first published: Jul 19, 2012 04:26 pm

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!

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