MARKET HEADLINES
Rupee recovers 7 paise to 63.23 vs dollar in early trade
The rupee gains 7 paise to 63.23 against the US dollar in morning trade on fresh selling of the American currency by banks and exporters. The rupee opened steady at 63.30 per dollar at the Interbank Foreign Exchange; but, firmed up to 63.22 before quoting at 63.23 per dollar at 1000 hours. It moved in a range of 63.22 and 63.32 per dollar during the morning trade. The benchmark BSE Sensex firmed up by another 46.98 points, or 0.17 percent, to 27,418.82 at 1000 hours.
Dollar holds up in Asia on US rate expectations
The dollar held steady in slow Asian trade on Monday, underpinned by expectations that US Federal Reserve will raise interest rates before other central banks. The greenback was at 119.39 yen in Tokyo, compared with 119.43 yen in New York on Friday. The euro bought $1.2244 and 146.22 yen against $1.2227 and 146.06 yen in US trade."US dollar strength remains a key theme, with broad gains against most currencies," National Australia Bank said in a note. The dollar bought 58.72 rubles while the euro fetched 72.21 rubles on Monday.
Rouble opens higher against dollar, euro
The Russian rouble opened broadly firmer on Monday, supported by higher oil prices. At 0701 GMT, the rouble was up 3.5 percent against the dollar at 56.39 and also 3.5 percent firmer at 69.50 versus the euro. Oil, Russia's chief export, was up, with Brent futures trading above $62 per barrel.
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