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BW Businessworld

Rupee Tad Down; Custodian Banks Sell

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The rupee loses most of its earlier gains, now trading marginally down at 55.43/45 versus 55.39/40 last close.

Traders say heavy dollar selling by custodial banks pushing pair lower, while oil dollar demand remains low.

Global risk assets are under pressure on Wednesday, with the euro around two-year lows against the dollar as investors fretted about the outcome of a German court hearing on the euro zone's bailout fund.

Falls in Indian stocks also pressuring rupee, with the Sensex down 0.35 per cent.

However, foreign funds bought Rs 606 crore of stocks Tuesday, as per provisional exchange data, bringing their total for the month to around RS 6160 crore.

(Reuters)


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news 3 finance markets sensex dollar rupee euro