Rupee Falls on Greece Worries

  • Rate this Story
  • 0
  • 0

November 21, 2012 4:32 PM EST

The rupee fell to 55.29/31 versus its previous close of 55.0950/1050 after touching a session low at 55.35, its weakest since September 13.

Euro extends falls after no agreement is reached yet among the euro zone finance ministers on Greece.

Traders say the absence of any flows in the market, buying by oil firms and a falling euro are all positives for the dollar but exporters could step in to sell their holdings around 55.40 levels, limiting a bigger rise.

Domestic share movements to be watched for cues on foreign fund flows.

  • Rate this Story
  • 0
  • 0
Copyright 2012 Thomson Reuters. All rights reserved.

Join the Conversation

IBTimes TV
E-Newsletters

We value your privacy. Your email address will not be shared.