The Indian rupee has opened lower by 9 paise at 67.15 per dollar on Monday against
Friday's closing value of 67.06 a dollar.
Turkey's Lira recouped losses as concern eased following a failed coup attempt in Turkey. The nation's currency plunged the most in eight years against the dollar on Friday. Meanwhile, the yen declines against the dollar.
US DOLLAR INDEX (USD)
Turkey's Lira recouped losses as concern eased following a failed coup attempt in Turkey. The nation's currency plunged the most in eight years against the dollar on Friday. Meanwhile, the yen declines against the dollar.
US DOLLAR INDEX (USD)
The
American currency weakened by 0.3 percent in th e last week in spite of the
robust release of economic datasets from the nation like unemployment claims,
producer price data, retail sales and industrial production data from the
nation. This was mainly due to soaring of Japanese Yen against the American
currency. A formal visit by former US Fed Chairman Ben Bernanke to the Bank of
Japan governor yesterday has raised speculation that Japan might decide to
provide fresh round of fiscal stimulus. This acted as a negative factor for DX.
The American currency made a weekly low of 95.84 and closed at 95.99 on Friday
OUTLOOK
Rupee is
likely to depreciate in today’s trading session as recent slag seen the
American currency will prompt the traders to place fresh bets. Moreover, mixed
trading in the Asian markets will govern the trend of the Indian Rupee.
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