Mumbai: The rupee on Wednesday edged higher towards 55.49/50 against the dollar versus Tuesday's close of 55.5650/5750, tracking the rise in the euro overnight, although weaker domestic shares prevented the pair from falling further.
The euro was steady in Asian trading on Wednesday after hitting seven-week highs in the previous session, with investors waiting to see whether European policymakers will take action to stem the region's debt crisis.
The Sensex was trading down 0.1 per cent, in line with other Asian indices.
Traders say market volumes in the first 20 minutes of trade were slightly below average as Indian bank employees began a two-day strike on Wednesday to protest against proposed reforms.
Copyright: Thomson Reuters 2012
The euro was steady in Asian trading on Wednesday after hitting seven-week highs in the previous session, with investors waiting to see whether European policymakers will take action to stem the region's debt crisis.
The Sensex was trading down 0.1 per cent, in line with other Asian indices.
Traders say market volumes in the first 20 minutes of trade were slightly below average as Indian bank employees began a two-day strike on Wednesday to protest against proposed reforms.
Copyright: Thomson Reuters 2012
