Rupee climbs as stocks rise, RBI eyed
MUMBAI (Reuters) - The rupee moved in tandem with equities that were trading lower in afternoon trade on Friday, in the absence of cues from Asian markets, many of which were closed for a holiday, dealers said.
* At 12:05 p.m., the partially convertible rupee was was at 39.56/57 per dollar, weaker than previous close of 39.535/545.
* India’s benchmark share index see-sawed on Friday, twice dipping into the red only to recoup those losses. It fell 3.4 percent on Thursday, weighed down by fears of a U.S. recession. -Reuters