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Rupee at 1-week high; GAAR delay helps

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Washington:

Rupee is at 52.7450/75, after rising earlier to a one-week high of 52.68 in intraday trade versus the last close of 52.9150/9250.

Dealers say positive sentiments on foreign fund inflows on GAAR delay, fears of an active RBI are helping the rupee.

Local stock, however, are down 0.4 per cent, bucking positive Asian trend.

Dealer tips 52.60-53.00 range for session.



Copyright @Thomson Reuters 2012

Story first published on: May 08, 2012 10:28 (IST)

Tags: GAAR

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