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Rupies Open up on Dollar
The rupee rose in early trade on Thursday, helped by dollar flows into local debt, with the November industrial output data watched for cues on economic growth and possible RBI action.
At 9:03 a.m. (0333 GMT), the rupee was at 51.85/86 to the dollar, higher than Wednesday's close of 51.90/91.Industrial output likely rose at an annual rate of 2.2 percent in November, a Reuters poll showed. The data is due at 11 a.m. (0530 GMT).
On 2 Weeks High Tokyo Future
The benchmark rubber contract on the Tokyo Commodity Exchange, June 2012, hit a high of 279.7 yen a kg, its strongest since Dec. 26, and was steady at 277 yen by 0101 GMT. * Thailand could buy up to 200,000 tonnes of unsmoked rubber to push up prices to 120 baht ($3.79) per kg, from around 95 baht, after protests from farmers over low prices, government and farmers' officials said on Wednesday.
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