Rupee marginally lower, fresh cues awaited

Traders say the market awaiting clarity from policymakers following the Reserve Bank of India's last week's measures to restrict rupee liquidity and raising of short-term funding interest rates

July 22, 2013 / 15:07 IST

The rupee is stuck in a tight band, trading marginally lower on the day at 59.40/41 versus its previous close of 59.35/36 on the back of some dollar demand from importers.

Also Read: FY14 GDP growth risk at 5%; mid-term eco 'stable': Moody's

Traders say the market awaiting clarity from policymakers following the Reserve Bank of India's last week's measures to restrict rupee liquidity and raising of short-term funding interest rates.

The USD/INR pair expected to hold in a 59.30 to 59.60 band during the rest of the session.

first published: Jul 22, 2013 03:07 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!

Subscribe to Tech Newsletters

Al Edge Newsletter On Saturdays

Find the best of Al News in one place, specially curated for you every weekend.
MC Tech 3 Newsletter Daily-Weekdays

Stay on top of the latest tech trends and biggest startup news.

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