The rupee weakened by 17 paise to 61.94 against the US dollar in early trade today on fresh demand for the American currency from banks and importers. Gains in the US dollar against major global currencies after data last week showed a better-than-expected jump in US jobs creation put pressure on Indian unit, dealers said. Fresh demand for the American unit from importers also weighed on the rupee. Besides, a lower opening of the domestic equity markets, weighed the rupee, rupee, they said. The rupee had rebounded 15 paise to close at two-week high of 61.77 against the dollar at the Interbank Foreign Exchange on Friday.
South Korean won falls on robust US jobs data; shares hurt by weak China trade
The South Korean won retreated on Monday led by a broad dollar rally after data showed surprisingly strong US job growth, although profit- taking and exporter demand for settlements saw the local currency pare some of its losses. The won was quoted at 1,117.7 to the dollar at the end of onshore trade on Monday, compared to Friday's close of 1,114.1. South Korean shares fell, extending losses after weak trade data from China - a key export market for Asia's fourth-biggest economy. The Korea Composite Stock Price Index ( KOSPI) fell 0.4 percent to close at 1,978.95 points.
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