×
Home Companies Industry Politics Money Opinion LoungeMultimedia Science Education Sports TechnologyConsumerSpecialsMint on Sunday
×

Rupee up on capital inflow hopes

Rupee up on capital inflow hopes
Comment E-mail Print Share
First Published: Wed, Apr 02 2008. 10 02 AM IST
Updated: Wed, Apr 02 2008. 10 02 AM IST
Mumbai: The rupee jumped in opening deals on Wednesday, on hopes of an increase in inflows of overseas capital into local stocks, which were expected to open higher, following strong showings in markets across Asia.
At 9:05 a.m., the partially convertible rupee was trading at 39.895/905 per dollar, stronger than Monday’s close of 40.105/115. The currency market was shut on Tuesday due to end-of-fiscal-year settlements.
India’s main share index is expected to open higher on Wednesday, on cue from Asian stocks, after a Lehman Brothers securities offering met strong demand, raising hopes that the worst of the credit crisis might be over.
Comment E-mail Print Share
First Published: Wed, Apr 02 2008. 10 02 AM IST
More Topics: Rupee | Convertible | Indian Stocks | Mumbai | Trade |