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Rupee exhibits steady trend
INR
83.287 | United States Dollar |
Until February 14, Foreign Institutional Investors have invested almost Rs 11,000 crores into the market.
However, steady demand for the dollar from importers in the last few days has prevented the rupee from appreciating.
The rupee is expected to be range bound, at least until the Greek crisis is resolved.
Adverse developments on this front could see a massive sell-off, putting pressure on the rupee.
GoodReturns.in
Story first published: Thursday, February 16, 2012, 16:11 [IST]