TH:Rupee trading higher at 54.48 against the dollar
The rupee was trading higher at 54.48 against the American currency as the US dollar index was flat against all the world’s major currencies.
The rupee opened stronger at 54.49 (previous close: 54.57) after Finance Minister, P.Chidambaram, assured India Inc that he will look into reasons behind the stalled projects.
Also, most Asian currencies gained against the greenback.
Currency markets will wait for cues from the trade data, which will be made public tomorrow, for likely signals on the direction of current account deficit in the fourth quarter of FY’13.
