Forex tips : Rupee falls against US dollar
Rupee The Indian currency hit day's low of 63.94 against the US dollar in intraday trade at the Interbank Foreign Exchange as demand for dollar increased. On Monday, the rupee ended 12 paise up at 63.70 against the American currency. Strong capital inflows as well as firm local equities also bolstered the overall sentiment despite strong dollar overseas, forex dealers said.
Euro Europe shares dip as lenders pledge intense work on Greece
European shares dipped on Tuesday while German bond yields rose, with investors in the dark over whether a high-level meeting on Greece's debt crisis might herald a significant breakthrough. The dollar hit a 12 1/2-year high against the yen in Asian trade before pulling back to trade down against the Japanese currency and the euro. The leaders of Germany, France and Greece's international creditors agreed late on Monday to work with "real intensity" as they try to reach a deal that would prevent Athens from defaulting and potentially leaving the euro zone. Greek Labour Minister Panos Skourletis told Skai TV his government could make no more concessions. The pan-European FTSEurofirst 300 stock index gave up modest early gains and was down 0.2 percent.
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