MARKET HEADLINES
Rupee down 14 paise against dollar in morning trade
The rupee trimmed its early losses, but was still marginally down by 2 paise at 63.37 against the dollar in morning deals on some demand for the US currency from importers. The rupee resumed sharply lower at 63.43 as against yesterday's closing level of 63.35 at the Interbank Foreign Exchange (Forex) market. It slid further to 63.49 per dollar but later pared the losses to quote at 63.37 at 10:30hrs.
The rupee trimmed its early losses, but was still marginally down by 2 paise at 63.37 against the dollar in morning deals on some demand for the US currency from importers. The rupee resumed sharply lower at 63.43 as against yesterday's closing level of 63.35 at the Interbank Foreign Exchange (Forex) market. It slid further to 63.49 per dollar but later pared the losses to quote at 63.37 at 10:30hrs.
Euro extends losses, falls to lowest since June 2010
The euro fell to $1.2035 on trading platform EBS, its lowest level since June 2010, and last traded at $1.2042, down 0.5 percent on the day.
Asian currencies start 2015 weaker; rupiah hits 2-week low
Emerging Asian currencies resumed a depreciation trend early in 2015 as the dollar hit a near nine-year high against a basket of major currencies, helped by the easier monetary policies of other central banks.The Indonesian rupiah slipped a two-week low as the government's decision to cut its 2015 fuel subsidy costs failed to cheer investors on the dollar's strength and amid a slowing domestic economy.
Emerging Asian currencies resumed a depreciation trend early in 2015 as the dollar hit a near nine-year high against a basket of major currencies, helped by the easier monetary policies of other central banks.The Indonesian rupiah slipped a two-week low as the government's decision to cut its 2015 fuel subsidy costs failed to cheer investors on the dollar's strength and amid a slowing domestic economy.
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