Monday, May 13, 2013

Indian rupee slips ahead of inflation data

May 14 2013,Mumbai: -

The Indian rupee was trading marginally lower at 54.77/78 per dollar versus its close of 54.73/74 on Monday on broad gains in the dollar versus major currencies earlier in the session and cautiousness ahead of the wholesale price index (WPI)-based inflation data.

Traders say mild demand from oil companies was also helping the dollar, but the rupee-dollar pair should hold in a range of 54.70 to 54.90 until the WPI data due around noon.

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