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Currency Research Report: Daily Currency Report

Indian rupee traded highly volatile on Friday before ending the day almost flat as the HSBC Services Purchasing Managers' Index (PMI), slipped from 47.6 in August to 44.6 in September to its weakest since April 2009.
07 Oct 2013 | 09:20 AM

  • Indian rupee traded highly volatile on Friday before ending the day almost flat as the HSBC Services Purchasing Managers' Index (PMI), slipped from 47.6 in August to 44.6 in September to its weakest since April 2009.
  • Rupee is getting support from dollar selling by some foreign institutional investors (FIIs) and corporates on seeing buying interest from importers. Meanwhile, good foreign capital inflows into equity market also boosted the rupee value against the dollar.