Rupee strengthens slightly, stocks steady as inflation moderates

Indian stocks traded largely steady with positive bias on Tuesday morning as data showed retail and wholesale inflation in the country somewhat moderated last month. Retail inflation moderated to a three-month low of 6.77 per cent in October from 7.41 per cent the previous month. Also, wholesale inflation in October came in at single-digit after 18 long months. At 9.38 am, Sensex traded at 61,605.84 points, down 18.31 points or 0.03 per cent, whereas Nifty traded at 18,326.55 points, down just 2.60 points or 0.014 per cent. Further, rupee strengthened slightly this morning to open at 81.13 versus Monday's close of 81.26.