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    HomeNewsBusinessMarketsIndian rupee near 2.5 month low

    Indian rupee near 2.5 month low

    Traders say good demand for the greenback from oil importers and gold firms hurting the rupee.

    May 20, 2013 / 15:41 IST

    The rupee is trading at 55.02/03 versus its close of 54.88/89 on Friday, tracking weakness in the domestic share market.

    Traders say good demand for the greenback from oil importers and gold firms hurting the rupee.

    Also read: See rupee above 53.70/$; Bernanke's testimony eyed: HSBC

    Traders, however, expect the pair to face a stiff resistance around 55.15 levels, holding it in a broad range of 54.50 to 55.15 band in the near-term. Traders will continue to monitor domestic shares for cues on foreign fund flows.

    first published: May 20, 2013 03:41 pm

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