Home

 
India Bullion iPhone Application
  Quick Links
Currency Futures Trading

MCX Strategy

Precious Metals Trading

IBCRR

Forex Brokers

Technicals

Precious Metals Trading

Economic Data

Commodity Futures Trading

Fixes

Live Forex Charts

Charts

World Gold Prices

Reports

Forex COMEX India

Contact Us

Chat

Bullion Trading Bullion Converter
 

$ Price :

 
 

Rupee :

 
 

Price in RS :

 
 
Specification
  More Links
Forex NCDEX India

Contracts

Live Gold Prices

Price Quotes

Gold Bullion Trading

Research

Forex MCX India

Partnerships

Gold Commodities

Holidays

Forex Currency Trading

Libor

Indian Currency

Advertisement

 
MC:Rupee off highs on dollar demand from importers
 
MUMBAI (Reuters) - The rupee was pulled off a two-week high touched in early trades on Tuesday due to strong dollar demand from oil refiners, the biggest purchasers of the greenback in local currency markets.
* Some companies bought dollars to repay maturing foreign currency convertible bonds, which also weighed on the rupee, traders said.
* At 2:38 p.m. (0908 GMT), the rupee was at 49.19/20 to the dollar, after touching 49.05, its highest since February 8, according to Thomson Reuters data. It had ended at 49.27/28 on Friday.
* Improved global risk appetite after Greece secured the second tranche of bailout funds pushed equities higher and helped limit selling pressure on the rupee, traders said.
* After 13 hours of talks, euro zone ministers finalised measures to cut Greece's debt to 120.5 percent of gross domestic product by 2020, securing its second rescue in less than two years and allowing it to meet a bond repayment due next month.
(Reporting by Aditya Phatak; Editing by Aradhana Aravindan)
Source