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Forex »
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Rupee slightly up on Asian shares
June, 20th 2008

The rupee started marginally higher on Friday, taking cues from firmer Asian stock markets and lower oil prices.

At 9:10 a.m, the partially convertible rupee was at 42.945/955, up from Thursday's close of 42.97/98.

But traders said inflation data due around noon would hold the key. A poll this week forecast annual inflation rate to have risen to a 13-year high of 9.82 percent in early June, higher than the previous week's 8.75 percent.

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