Go Ad-Free
    My Alerts
    Moneycontrol
    Moneycontrol PRO
    HomeNewsBusinessMarketsRupee rises on inflow hopes; importers eyed

    Rupee rises on inflow hopes; importers eyed

    The rupee rose in early trades on Tuesday as traders expect foreign funds to flow into local equities after strong factory data boosted outlook for the country's growth.

    March 13, 2012 / 10:42 IST

    The rupee rose in early trades on Tuesday as traders expect foreign funds to flow into local equities after strong factory data boosted outlook for the country's growth.

    Oil importers' dollar demand will determine the day's trend.

    At 9:00 a.m. (0330 GMT), the rupee was at 49.89/90 to the dollar, stronger than Monday's close of 49.96/97.

    Signs of a rebound in Asia's third largest economy were strong as the industrial output in January grew at its fastest pace in seven months and as February car sales hit a record high.

    first published: Mar 13, 2012 09:16 am

    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

    • On Saturdays

      Find the best of Al News in one place, specially curated for you every weekend.

    • 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