US Dollar, Indian Rupee off highs as euro gains; stronger shares hurt

Aug 14 2013, 15:56 IST
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US Dollar, Indian Rupee were trading at 61.36/37, off the day's high of 61.56. (Reuters) US Dollar, Indian Rupee were trading at 61.36/37, off the day's high of 61.56. (Reuters)
SummaryUS Dollar, Indian Rupee were trading at 61.36/37, off the day's high of 61.56.

US Dollar, Indian Rupee were trading at 61.36/37, off the day's high of 61.56 but still stronger than its close of 61.19/20 on Tuesday. Traders said a stronger euro and gains in the domestic share market were hurting the pair.

The euro rose against the dollar on Wednesday, after better-than-expected French and German growth data indicated the euro zone had probably climbed out of a long recession. The main share index was trading up 0.5 percent.

Traders are awaiting details of the recent measures announced by the finance minister. The central bank is expected to announce details of the non-resident Indian deposit schemes and overseas borrowing liberalisation.

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