MARKET HEADLINES
Rupee gains 8 paise against dollar in early trade
The rupee strengthened by eight paise to 61.68 against the dollar in early trade today at the Interbank Foreign Exchange on increased selling of the US currency by exporters and banks amidst sustained foreign capital inflows. Forex dealers said apart from increased selling of the American currency by exporters and banks, the dollar's weakness against some currencies overseas, supported the rupee. A higher opening in the domestic equity market, which soared to new highs, too supported the rupee, they added. The rupee had strengthened by 18 paise to end at 61.76 against the Greenback on Friday on suspected selling of the US dollar by state-run banks on behalf of the RBI and a strong rally in local stocks. Meanwhile, the benchmark BSE Sensex spurted by 180.35 points, or 0.63 per cent, to hit another record-high of 28,514.98 points in opening trade today.
Rupee loses against dollar as state banks buy; fall in euro aids
Rupee was trading at 61.92/93 against dollar versus Friday's close of 61.7625/7725. Pair earlier rose to 61.6550. Euro was close to a two-year trough against the dollar as investors bet the ECB will ease monetary policy more aggressively. Traders said that good demand for the greenback also seen from state-run banks, offsetting foreign fund inflows into shares. NSE index ended up 0.6 per cent. Asian shares were broadly higher on prospects of further policy stimulus in China and Europe.
Rupee inches higher against dollar; shares eyed for further direction
Rupee was marginally stronger against the dollar at 61.73/74 versus its Friday's close of 61.7625/7725. Dealers expect the pair to hold in a 61.50 to 61.80 range during the day. Foreign fund that will flow into the share market will be crucial for direction. NSE index trading up 0.2 per cent in preopen trade. Asian shares were broadly higher on prospects of further policy stimulus in China and Europe. Most Asian currencies were also trading stronger compared to the dollar.
Written by Unknown
We are Creative Blogger Theme Wavers which provides user friendly, effective and easy to use themes. Each support has free and providing HD support screen casting.
0 comments:
Post a Comment