| Date: |
20-02-2013 |
| Subject: |
Indian rupee likely to open higher; debt limit auction |
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Indian rupee likely to open higher around 54.12-15 levels tracking firm Asian FX and strong regional stocks. The pair closed at 54.185/195 on Monday.
The Nifty stock futures traded in Singapore is up 0.24 per cent, while the broader MSCI ex-Japan is 0.68 per cent higher.
Rupee 1-month NDF closed NY trade at 54.41-44 amid high volumes.
Markets regulator Sebi to auction $11.3 billion debt limits for foreigners on Wednesday, which will include $10 billion of new limits. Auction will be watched for inflows into forex market.
Source : economictimes.indiatimes.com
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