Indian rupee rises as regional stocks higher

MUMBAI – The rupee opened higher on Monday as local shares are expected to rise, following leads from regional stocks, raising expectations of capital flows that would support the currency.

By (Reuters)

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Published: Mon 13 Apr 2009, 10:28 AM

Last updated: Thu 2 Apr 2015, 8:28 AM

· At 9:06 a.m., the partially convertible rupee was at 49.90/92 compared with Thursday’s close of 50.00/02, its strongest close since Feb. 25. The market was closed on Friday for a holiday.

· Nifty futures traded in Singapore were up 1 percent.

· Offshore one-month rates were quoting at 48.98/50.08 per dollar, slightly weaker than the onshore spot rate.


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