i Forex tips - The Rupee fell by 4 paise to 66.23 against the US Dollar on Monday in contrast to the gains seen in other Asian currencies.
The Domestic currency had settled at 66.19 to the dollar on Friday at the Interbank Foreign Exchange as the dollar remained steady in the overseas market.
The Dollar index, which tracks the movement of the greenback against a basket of six major world currencies, rose 0.36 per cent to 99.92.
Among Asian currencies, the Singapore dollar was up 0.42 per cent. The Thai baht added 0.24 per cent, while the Chinese yuan advanced 0.13 per cent. The Indonesian rupiah (up 0.68 per cent), Malaysian ringgit (up 0.46 per cent) and Korean won (0.38 per cent) also gained against the greenback.
International credit ratings agencies have pointed out that the recent pay commission recommendations might weigh on India's fiscal deficit targets and impact any review of its credit rating.
The pay panel proposal will entail an additional outflow of Rs1,02,100 crore from the exchequer during the next financial year.
The Domestic currency had settled at 66.19 to the dollar on Friday at the Interbank Foreign Exchange as the dollar remained steady in the overseas market.
The Dollar index, which tracks the movement of the greenback against a basket of six major world currencies, rose 0.36 per cent to 99.92.
Among Asian currencies, the Singapore dollar was up 0.42 per cent. The Thai baht added 0.24 per cent, while the Chinese yuan advanced 0.13 per cent. The Indonesian rupiah (up 0.68 per cent), Malaysian ringgit (up 0.46 per cent) and Korean won (0.38 per cent) also gained against the greenback.
International credit ratings agencies have pointed out that the recent pay commission recommendations might weigh on India's fiscal deficit targets and impact any review of its credit rating.
The pay panel proposal will entail an additional outflow of Rs1,02,100 crore from the exchequer during the next financial year.
Read More - i Forex tips
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