MUMBAI: The Rupee pulled back on Tuesday from the two-month low touched in the previous session comforted by positive local shares and absence of any further big fall in the euro.
At 9:21 am, the partially convertible rupee was at 45.14/15 per dollar against 45.23/24 at close on Monday, when it had dipped to 45.3225, a level not seen since March 15.
The euro was at $1.4059 and the index of the dollar against six major currencies was at 76.102 points. On Monday, when the local market closed the euro was at $1.4017 and the dollar index at 76.231 points.
But month-end payments by domestic oil refiners, the biggest purchasers of dollars in the local forex market, could be key for the rupee's direction and is likely to prevent a sharp recovery, traders said.
Indian shares climbed more than 0.3 percent early on Tuesday tracking gains in Asian peers and helped by lower oil prices that could provide some relief to offset negative sentiment.
TOI
At 9:21 am, the partially convertible rupee was at 45.14/15 per dollar against 45.23/24 at close on Monday, when it had dipped to 45.3225, a level not seen since March 15.
The euro was at $1.4059 and the index of the dollar against six major currencies was at 76.102 points. On Monday, when the local market closed the euro was at $1.4017 and the dollar index at 76.231 points.
But month-end payments by domestic oil refiners, the biggest purchasers of dollars in the local forex market, could be key for the rupee's direction and is likely to prevent a sharp recovery, traders said.
Indian shares climbed more than 0.3 percent early on Tuesday tracking gains in Asian peers and helped by lower oil prices that could provide some relief to offset negative sentiment.
TOI
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