Forex tips: Extending losses for the third straight session, the rupee declined by 15 paise to 63.59 against the US dollar in intraday trade today at the Interbank Foreign Exchange due to appreciation of the American currency overseas on the back of strong economic data. Forex dealers said increased demand for the dollar from importers also weighed on the local currency, but a higher opening in the domestic equity market limited rupee's fall. The rupee had shed 12 paise to close at 63.42 against the US currency in the previous session on Thursday's trade due to month-end dollar demand from importers and fall in stocks markets. The Forex market was closed on May 1 on account of Maharashtra Day and on May 4 for Budha Purnima.
Dollar firm on light trade, Swedish crown jumps
The dollar edged higher on Monday in thin trading after a two-week drop tied to data suggesting the U.S. economy might be stabilizing following a soft patch in the first quarter. The greenback moved in tight ranges against major currencies as trading was thinned by market holidays in Britain and Japan. The dollar index gained about 0.7 percent on Friday after data showed a jump in consumer sentiment and stronger-than-expected vehicle sales. This gauge of the greenback against six major currencies was 0.1 percent higher on the day at 95.425 after an in-line 2.1 percent rise in domestic factory orders in March was reported on Monday.
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