November 16, 2012 10:06 AM IST

Fall in Rupee During Opening Trade; RBI Action to be Watched

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Fall in Rupee During Opening Trade; RBI Action to be Watched

Foreign bank dealer says any possible central bank intervention will be watched, after some talk about the RBI selling USD in the last session.

Rupee

Pair likely to closely track euro moves, dealers say.

Nifty futures in Singapore up 0.07 percent, while MSCI's Asia ex-Japan index down 0.05 percent.

Most Asian FX including won, Singapore dollar weaker.

The yen steadied in early Asian trading on Friday after plunging to a six-and-a-half-month low against the dollar in the previous session on expectations a new Japanese government would put pressure on the Bank of Japan to ease further.

Copyright 2012 Thomson Reuters. All rights reserved.
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