The Indian rupee pulled back below the 59 mark to the dollar in afternoon trade on Monday tracking
strong gains in stock markets. The partially convertible rupee traded at
58.97 as of 1 p.m. against Friday's close of 59.38.
The rupee is now trading near two- week high. Worries temporarily eased after foreign investors turned buyers of domestic shares, while rumoured inflows from Unilever's open offer for its local unit also helped.
The rupee was also helped after the Sensex gained 0.9 per cent, buoyed by news foreign investors had bought shares worth a net Rs 1,124 crore on Friday, snapping a 13-day selling streak
http://profit.ndtv.com/news/forex/article-rupee-pulls-back-to-58-97-hits-2-week-high-323923
strong gains in stock markets. The partially convertible rupee traded at
58.97 as of 1 p.m. against Friday's close of 59.38.
The rupee is now trading near two- week high. Worries temporarily eased after foreign investors turned buyers of domestic shares, while rumoured inflows from Unilever's open offer for its local unit also helped.
The rupee was also helped after the Sensex gained 0.9 per cent, buoyed by news foreign investors had bought shares worth a net Rs 1,124 crore on Friday, snapping a 13-day selling streak
http://profit.ndtv.com/news/forex/article-rupee-pulls-back-to-58-97-hits-2-week-high-323923
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