News Headline Summary

Market talk that oil importers are on the bid in USD/INR - unconfirmed; trades 54.97 (+3 pips) last

Market talk’ – Signifies information that has not been formally tested through traditional journalistic channels and therefore is to be treated as unsubstantiated. Any interpretation of the talk is taken at the readers own risk and is a representation of the rumours within the market place and never generated by ourselves.

Update details:

- The early downward movement in USD/INR is due to the selling by foreign banks possibly on behalf of institutional clients, according to a dealer with a state-run bank.

Print 04:12, 07 Jan 2013 - Asian News - Source: RANsquawk/IFR