MARKET HEADLINES
Rupee gains 11 paise against dollar in early tradeThe rupee gained 11 paise to 61.56 against the US dollar in early trade at the Interbank Foreign Exchange today amid sustained overseas capital inflows. Besides, a higher opening in the domestic equity market helped the rupee but the dollar's gain against other currencies overseas capped the rise, forex dealers said. Increased selling of the American currency by banks and exporters amid sustained inflows of foreign funds supported the rupee, they added. The rupee had ended at one-week high by gaining 13 paise at 61.67 against the Greenback yesterday on persistent selling of dollars by banks and exporters as RBI kept interest rates unchanged.
Euro holds gains on hopes for Greeece debt deal
The euro held its gains on Wednesday after a surge driven by growing optimism that Greece will hammer out a debt deal and avoid a possible default. In Tokyo, the single currency fetched $1.1459 and 135.12 yen, compared with $1.1479 and 134.96 yen in New York but sharply up from the levels around $1.13 and 132 yen seen in Tokyo earlier Tuesday. The dollar rose to 117.91 yen, from 117.57 yen in US trade
The euro held its gains on Wednesday after a surge driven by growing optimism that Greece will hammer out a debt deal and avoid a possible default. In Tokyo, the single currency fetched $1.1459 and 135.12 yen, compared with $1.1479 and 134.96 yen in New York but sharply up from the levels around $1.13 and 132 yen seen in Tokyo earlier Tuesday. The dollar rose to 117.91 yen, from 117.57 yen in US trade
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