Advertisement

  • News
  • Columns
  • Interviews
  • BW Communities
  • Events
  • BW TV
  • Subscribe to Print
  • Editorial Calendar 19-20
BW Businessworld

Rupee Falls; Power Grid Share Sale Opens

Photo Credit :

The rupee is weaker at 62.375/385 compared with previous close of 62.315/325 on global dollar strength after strong US ISM data.

Dealer says sharp fall in the September-quarter current account deficit, though on expected lines, is positive for the rupee.

The pair continuing to have strong technical support at 61.9.

Power Grid Corp of India follow-on share sale opens for subscription, plans to raise Rs 7083 crore.

Foreign funds were buyers of $127.05 million in Indian equities on 2 December, provisional data showed.

Asian currencies are mostly trading weak.

The yen remained on the backfoot early in Asia on 3 December, having succumbed to further selling pressure on prospects of more stimulus from the Bank of Japan.

(Reuters)


Tags assigned to this article:
economy india news 4 power grid dollar rupee bank of japan