Forex Tips: The euro touched session highs against the dollar on Wednesday after data showing German business confidence improved this month boosted the outlook for the euro area's largest economy. EUR/USD was up 0.26% to 1.0952 from around 1.0929 earlier. Official figures on Tuesday showed that U.S. consumer prices rose 0.2% in February, rebounding after a 0.7% decline in January, while core inflation also ticked higher.
Rupee weakens against dollar due to appreciation of USD overseas
The rupee fell by six paise at 62.32 against the dollar in early trade today at the Interbank Foreign Exchange due to appreciation of the US currency overseas. Fresh demand for the dollar from importers also weighed on the local currency but a higher opening in the domestic equity market limited the rupee's losses, forex dealers said. The rupee had inched up by one paisa against the American currency to end at 62.26 in yesterday's trade.
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