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Rupee near 1-week high on GAAR changes

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Bangalore:

The Indian Rupee close to a week's high against US dollar, now at 52.965/975 vs 53.47/48 close on Friday, after Finance Minister Pranab Mukherjee says the controversial GAAR provisions on taxation will be deferred by a year.

 

Foreign investors had asked for a deferment to allow them to comply with any new regulations. USD/INR should see support in 52.80-52.65 range, senior dealer says.

 

Copyright @ Thomson Reuters 2012

Story first published on: May 07, 2012 16:31 (IST)

Tags: GAAR

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