The Indian rupee is expected to be steady on Tuesday as local shares are seen trading rangebound, in line with Asian markets.
* At 8:40 a.m. (0310 GMT), Nifty India stock futures traded in Singapore SINc1 were down 0.3 percent. The Morgan Stanley index excluding Japan .MIAPJ0000PUS was up 0.6 percent.
* One-month offshore non-deliverable forward rupee contracts PNDF traded in Singapore were quoted at 48.17/48.27 per dollar.
* The index of the dollar's .DXY versus six majors was down 0.3 percent.
* U.S. crude prices rose towards $70 a barrel on Tuesday, after a sharp decline in the previous session on renewed concerns about ongoing weakness in energy demand. [O/R].
* The partially convertible rupee INR=IN ended at 48.13/48.14 per dollar on Friday, a shade above Thursday's close of 48.15/16. The market was closed on Monday for a public holiday. http://marketmantra.in/Currency.asp
Sunday, September 27, 2009
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