Dollar slided against the safe haven yen on Tuesday as investor risk disclination mounted on the back of a sharp fall down in equities. Battered euro caught some relief as the dollar stagger against the yen, helping the common currency pull back a bit from a nine-year manger. Persistent weakness in oil prices and uncertainty over the Greek political situation, sending Wall Street to its largest one day fall down in about three months. As the region's equities floundered -Tokyo's Nikkei sank 3 % the resulting flight to safety herd investors into the yen. As a result, dollar slided to as low-lying as 118.65 yen from Monday's max of 120.68, moving further away from a seven-year peak of 121.86 set last month. A sharp fall down in US Treasury yields also undercut the dollar versus the yen, with 10-year yields plummet 14 basis points in just two sessions. The dollar/yen sweep late last month that ignored some weak US data was overdone.
RBI REFERENCE RATE
(As on 09th JANUARY 2014)
UNDERLYING RATE
USDINR 62.3953
EURINR 73.6140
GBPINR 94.1670
JPYINR 52.2300
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