17 August 2011

Rupee largely steady


The rupee was largely steady in early morning trades on Wednesday in the absence of any major cues, and traders will watch local stock and the euro for more cues.
* At 9:40 am, the partially convertible rupee was at 45.3900/45.3925 per dollar, compared with 45.38/39 per dollar at Tuesday's close.
* Traders expect the rupee to trade in a narrow range of 45.30-45.45 intraday.
* The BSE Sensex rose 0.8% in early trade on Wednesday on bargain hunting by institutional investors after a three-day slide, but the overall mood was cautious amid lingering worries about the health of the global economy.

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