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- dEsPeraTe cRaNky -
The Indian rupee rose on Monday, after posting its biggest weekly decline in 14 years last week, on domestic sharemarket gains but the dollar's strength overseas limited a further rise.
At 9:20 am, the partially convertible rupee was at 46.75/76 per dollar, stronger from Friday's closing of 46.95/96 on Friday.
The rupee had fallen 3.8 % last week, its biggest fall since an 11.7 % dive in mid-July 1996.
Indian shares rose 1.5 % early on Monday, with Reliance Industries leading the rise after the Ambani brothers made a reconciliation move over the weekend.
The index of the dollar against six major currencies was up 0.4 %.
The euro slipped on Monday as investors sold into its latest bounce, while the Australian dollar eased as carry trades funded in the single currency continued to be unwound on fears of a global slowdown.
At 9:20 am, the partially convertible rupee was at 46.75/76 per dollar, stronger from Friday's closing of 46.95/96 on Friday.
The rupee had fallen 3.8 % last week, its biggest fall since an 11.7 % dive in mid-July 1996.
Indian shares rose 1.5 % early on Monday, with Reliance Industries leading the rise after the Ambani brothers made a reconciliation move over the weekend.
The index of the dollar against six major currencies was up 0.4 %.
The euro slipped on Monday as investors sold into its latest bounce, while the Australian dollar eased as carry trades funded in the single currency continued to be unwound on fears of a global slowdown.
