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Rupee seen easing marginally; shares eyed

The Indian rupee is expected to dip early on Friday as regional shares point to a weak opening of domestic shares.

June 03, 2011 / 09:39 IST
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The Indian rupee is expected to dip early on Friday as regional shares point to a weak opening of domestic shares.

* The partially convertible rupee is seen opening at 44.85-44.86 per dollar and trade in a 44.75-44.95 range. It had ended little changed at 44.83/84 on Thursday. * At 0303 GMT, the MSCI index of Asian stocks ex-Japan was flat while the Nifty India stock futures traded in Singapore were down 0.23%. * The euro was at USD 1.4487, compared with USD 1.4472 when the domestic market closed on Thursday. * The index of the dollar against six major currencies was at 74.326 points from 74.340 points when the domestic market closed. * Traders said they would watch U.S. non-farm payrolls data due on Friday for further cues. * U.S. non-farm payrolls likely increased by 150,000 in May, according to a Reuters poll, less than the 180,000 forecast before a report on Wednesday showed a sharp slowdown in private job growth last month.
first published: Jun 3, 2011 09:37 am

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