As per MCX www.crudeoperator.com intraday research Mumbai base company report for
The Indian rupee rose to a 12-week high against the dollar, an eighth straight session of gain, as optimism after the federal budget helped local shares post a second week of rise. The rupee ended at 67.31 to a dollar in Mumbai today, its highest since Nov. 11, compared with 67.37 at previous close. It wavered between gains and losses amid thin trade, trading in a 14-paise range. On a weekly basis, the rupee gained 1.07% against the greenback, marking its biggest weekly gain since Dec. 9. The Institute of Supply Management said its non-manufacturing purchasing managers’ index ticked down to 56.5 in January from 56.6 the previous month. Analysts had expected the index to rise to 57.0 last month. A separate report showed that U.S. factory orders increased by 1.3% in December, beating expectations for a 1.0% rise. The data came after the U.S. Department of Labor said the economy added 227,000 jobs in January, exceeding expectations for an increase of 175,000, The economy added 157,000 jobs in December, whose figure was revised from a previously estimated gain of 156,000. However, the report also showed that the U.S. unemployment rate ticked up to 4.8% last month from 4.7% in December.