Forex tips: The rupee recovered by 11 paise at 62.56 against the US dollar in early trade today at Interbank Foreign Exchange on fresh selling of the American currency by exporters. The local currency had lost 26 paise to close at 62.67 yesterday due to renewed month-end demand from the dollar from importers. Forex dealers said besides fresh selling of the American currency by exporters, a higher opening in the domestic equity market supported the rupee but the dollar's strength against other currencies overseas, capped the gains.
Euro falls on jitters over Greece debt deal
The euro drifted lower in Asia on Tuesday with investors following talks between debt-hit Greece and its international creditors as Athens looks to reform its bailout obligations. In Tokyo, the single currency slipped to $1.0790 and 129.69 yen, from $1.0825 and 130.10 yen in New York, while the dollar was at 120.17 yen against 120.18 yen. Experts from the International Monetary Fund and the European Union are scrutinizing a list of reforms that Athens has proposed in its bid to get the creditors to release 7.2-billion euros in much-needed loans that will help it avoid a default.
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