Forex tips: The rupee strengthened 19 paise to 63.67 against the dollar in early trade at the Interbank Foreign Exchange today on fresh selling of the US currency by exporters and banks amid a higher opening in the equity market. Forex dealers said besides selling of the American currency by exporters and banks, the dollar's weakness against other currencies overseas supported the rupee. The domestic currency had lost 15 paise to close at 63.82 against the dollar in yesterday's trade on fresh demand for the greenback from importers amid a firm American currency in the overseas market.
Euro zone bond yields rise after supply glut
May 21 Euro zone bond yields rose on Thursday, reversing earlier falls, with strategists pointing to the reluctance of investors to take down new bond supply after weeks of sharp yield rises. German 10-year bond yields -- the euro zone benchmark -- rose as much as 6 basis points to a day's high of 0.68 percent, while all other yields were also up on the day. France and Spain issued around 15 billion euros of new bonds earlier on Thursday.
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