Russian rouble falls back as oil renews retreat
At 0840 GMT the rouble was around 1 percent weaker against the dollar at 65.43 and was also 1 percent weaker against the euro at 77.08. The rouble often takes its lead from prices for oil, one of Russia's chief exports, and Brent crude fell over 2 percent on Thursday after strong gains on Wednesday.
Rupee jumps 46 paise against dollar in early trade
The rupee soared by 46 paise to trade at a fresh one-month high of 61.72 against the dollar in early trade today at the Interbank Foreign Exchange after the RBI cut interest rates by 25 basis points to 7.75 percent.
The rupee had ended four paise lower at 62.18 on fresh dollar demand from banks andimporters in yesterday's trade in view of fall in crude oil prices. Meanwhile, the benchmark BSE Sensex zoomed by 600.77 points, or 2.19 per cent, to 27,947.59 in opening trade today.
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