Rupee now lower; defence buying coming in

Reuters Market Eye - The rupee falls and is trading at 63.75/76 versus last close of 63.38/39, snapping five days of gains. Earlier in the session, the rupee rose to 62.92, its highest since August 19.

A large state-run bank has been a big USD buyer largely on behalf of defence.

Dealers also cite early buying by a large private petrochemical company.

Local stocks are down 0.8 percent on profit taking.


Did you know that you can get stories like this on the Yahoo mail app?
Download it here.