Rupee higher; factory output data eyed - Business Standard

Reuters  March 12, 2013 Last Updated at 10:03 IST Gains in Asian FX, positive regional stocks helps rupee The rupee was higher in opening trades, tracking gains in Asian FX, positive regional stocks. It was quoted at 54.26/27 versus last close at 54.41/42. A private dealer said good selling interest was seen and likely trading range was between 54.05-54.45 band for the session. Euro's recovery from Friday's slide also helped the rupee. Share sales inflows will be watched with National Aluminium Co likely to fetch $260 million for the government later this week. Financial Express reported that the government may raise foreign fund limit in debt to $100 billion, a move if it happens will be positive for the rupee. via Business - Google News http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNEal5GK-w00uZEbqfCOHXWIpqVDvg&url=http://www.business-standard.com/article/reuters/rupee-higher-factory-output-data-eyed-113031200064_1.html

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