Rupee seen rising in early trade on Monday continuing its rise in the previous session after China's latest growth data allayed fears of a steeper economic slowdown in the world's largest consumer of raw materials. Pair last closed at 55.14-55.15.
Investors are anxiously watching clues from Federal Reserve this week on its stance over a stronger monetary policy to support the US recovery. USD/INR 1-month NDF at 55.13 as against NY close at 55.00-05. Asian stocks trading with cuts with MSCI's Asia ex-Japan index up 0.31%, Nifty futures in Singapore down 0.26%. The euro and high-beta currencies like the Australian dollar started trading on Monday with a spring in their step, following a rally late last week in part on the back of diminishing worries about China's economic health.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!
