AGL 40.05 Increased By ▲ 0.04 (0.1%)
AIRLINK 190.00 Increased By ▲ 2.02 (1.07%)
BOP 10.25 Increased By ▲ 0.13 (1.28%)
CNERGY 7.22 Increased By ▲ 0.11 (1.55%)
DCL 10.18 Increased By ▲ 0.03 (0.3%)
DFML 42.04 Increased By ▲ 0.47 (1.13%)
DGKC 108.00 Increased By ▲ 0.09 (0.08%)
FCCL 38.50 Decreased By ▼ -0.50 (-1.28%)
FFBL 89.84 Increased By ▲ 7.82 (9.53%)
FFL 14.95 Increased By ▲ 0.05 (0.34%)
HUBC 123.15 Increased By ▲ 3.69 (3.09%)
HUMNL 14.31 Increased By ▲ 0.26 (1.85%)
KEL 6.30 Decreased By ▼ -0.10 (-1.56%)
KOSM 8.36 Increased By ▲ 0.29 (3.59%)
MLCF 49.00 Decreased By ▼ -0.47 (-0.95%)
NBP 74.25 Increased By ▲ 0.59 (0.8%)
OGDC 213.50 Increased By ▲ 8.65 (4.22%)
PAEL 32.84 Decreased By ▼ -0.72 (-2.15%)
PIBTL 9.07 Increased By ▲ 1.00 (12.39%)
PPL 201.50 Increased By ▲ 16.09 (8.68%)
PRL 34.51 Increased By ▲ 0.90 (2.68%)
PTC 27.15 Decreased By ▼ -0.24 (-0.88%)
SEARL 118.00 Decreased By ▼ -1.82 (-1.52%)
TELE 9.80 Increased By ▲ 0.11 (1.14%)
TOMCL 35.35 Increased By ▲ 0.05 (0.14%)
TPLP 12.50 Increased By ▲ 0.25 (2.04%)
TREET 22.29 Increased By ▲ 2.03 (10.02%)
TRG 60.90 Increased By ▲ 0.12 (0.2%)
UNITY 36.70 Decreased By ▼ -1.29 (-3.4%)
WTL 1.79 Increased By ▲ 0.14 (8.48%)
BR100 12,159 Increased By 386.9 (3.29%)
BR30 37,770 Increased By 1185.5 (3.24%)
KSE100 114,181 Increased By 3370.3 (3.04%)
KSE30 35,701 Increased By 1272.1 (3.69%)

The Indian rupee ended steady on Tuesday with the market mulling over policy signals after the central bank left rates unchanged, though sentiment may get a fillip if the US Federal Reserve cuts rates on Wednesday.
The partially convertible rupee traded in a narrow band, to end at 39.38/39 per dollar, unchanged from the previous close. It hit a decade high of 39.16 in November.
"We should see some good flows if the Fed cuts rates, though the RBI is likely to mop them up," said a senior dealer with a private bank, referring to the Reserve Bank of India. India's central bank left all its key rates steady on Tuesday, saying inflation risks persisted, but analysts said it was leaving the door open for a rate cut if market turmoil threatened growth and financial stability.
A slight majority of analysts expect the RBI to cut interest rates in coming months, a Reuters poll showed on Tuesday. Six of 11 analysts polled after the policy review forecast the central bank would cut its 7.75 percent repo rate by at least a quarter percentage point by June. One analyst expected a 50 basis point cut in April, while the others forecast no change.

Copyright Reuters, 2008

Comments

Comments are closed.