Rupee falls to five-week low; CPI, trade data eyed

May 13, 2013:--





Traders expect the pair to move in a 54.75 to 55.15 range during the session with exporters expected to step in above 55.05 levels.



Dealers are now watching the April consumer price inflation data due around 11 a.m. for cues on the likely course of monetary policy action, a day ahead of the headline inflation number.



The monthly trade data due around 12:30 p.m. will also be key for direction later in the session, traders said.



Asian shares eased as sentiment was hit by a selling in commodities triggered by a strong dollar, which rose to a fresh 4-1/2-year peak against the yen on the back of growing confidence in the U.S. economy.





Traders expect the pair to move in a 54.75 to 55.15 range during the session with exporters expected to step in above 55.05 levels.



Dealers are now watching the April consumer price inflation data due around 11 a.m. for cues on the likely course of monetary policy action, a day ahead of the headline inflation number.



The monthly trade data due around 12:30 p.m. will also be key for direction later in the session, traders said.



Asian shares eased as sentiment was hit by a selling in commodities triggered by a strong dollar, which rose to a fresh 4-1/2-year peak against the yen on the back of growing confidence in the U.S. economy.



All Asian currencies traded weaker compared with the dollar.




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