Forex tips: The rupee ticked up 19 paise to 63.81 against the dollar today at the Interbank Foreign Exchange after the American currency weakened overseas on disappointing retail sales report. Besides, increased selling of the US dollar by exporters supported the rupee, but a lower opening in the domestic equity market capped the gains, forex dealers said. The rupee had ended higher by 17 paise at 64 against the greenback in yesterday's trade due to fag-end selling of dollars by banks and exporters on the back of strong recovery in the equity market.
Euro steady after upbeat eurozone growth
The euro held steady Thursday on the back of an improving eurozone economy, while a disappointing US retail sales report put pressure on the dollar. Despite upbeat European growth, however, debt-saddled Greece confirmed that its economy had slipped back into recession, with no end in sight to tense bailout reform talks with its international creditors. In Tokyo, the euro bought $1.1350 and 135.34 yen against $1.1354 and 135.29 yen in New York but well up from $1.1246 and 134.80 yen earlier Wednesday in Asia. The single currency got a boost from news that growth in the eurozone strengthened to 0.4 percent in the first quarter, from 0.3 percent in the last three months of 2014. The dollar edged up to 119.22 yen from 119.16 yen in New York, but it is still down from 119.83 yen in Tokyo earlier Wednesday.
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