Domestic unit, a two -month low of Rs 63.35 against the U.S. dollar weak money opened on 37.Rupee so far during the day fell further to a low of 63.52. Compared to previous close at 63.72 in the spot currency market, the Indian unit, about 22 cents or 0.35 percent to trade at 63.50 was seen above.
Market, according to Reserve Bank of India falling further, through state-owned banks stepped in to support rupee is likely.
For October, India’s annual consumer price inflation back of higher food and fuel prices rose 10.09 percent, official data showed on Tuesday.
Industrial Production (IIP) in August 2013 recorded growth of 0.4 per cent growth rate increased in September rose by 2 per cent in 2013.
The key benchmark indices alternately hovered between gains and losses in morning trading as the meanwhile, continued instability.
Or 0.15 percent, to 6008.90 Nifty was down 9.15 points, while the time of writing, the S & P 20287.97 BSE Sensex was up 6.06 points, or 0.03 per cent.
Asian shares sagged on Wednesday as investors pondered mixed signals from US Federal Reserve officials about when the US central bank would start to pare its asset-buying stimulus.
Investors pare U.S. central bank will start its asset purchase incentives on mixed cues from the U.S. Federal Reserve officials on Wednesday to thought Asian stocks sagged. Held firm on Wednesday.
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