Rupee down 16 paise against dollar in early trade
The rupee fell by 16 paise to 61.91 against the dollar in early trade today at the Interbank Foreign Exchange due to appreciation of the US currency overseas. Forex dealers attributed the domestic currency's fall to the dollar's gains against other global currencies and a lower opening in the domestic equity market. The rupee had closed down by eight paise at 61.75 per dollar yesterday on fresh demand for the US currency from banks amid fall in stock markets.
Euro edges up after sinking on ECB move on Greece
The euro inched up on Thursday on strong German data, clawing back some of the ground it lost the previous day after the European Central Bank said it would no longer accept Greek bonds in return for funding. The ECB's surprise announcement late on Wednesday, which means the Greek central bank will have to provide the country's lenders with tens of billions of euros of emergency liquidity in coming weeks, knocked the euro down almost two cents to $1.1304.
The euro inched up on Thursday on strong German data, clawing back some of the ground it lost the previous day after the European Central Bank said it would no longer accept Greek bonds in return for funding. The ECB's surprise announcement late on Wednesday, which means the Greek central bank will have to provide the country's lenders with tens of billions of euros of emergency liquidity in coming weeks, knocked the euro down almost two cents to $1.1304.
Pound extends gains into third day on better housing data
Sterling rose for a third straight day against the dollar on Thursday, helped by an unexpected rise in house prices which backed views that demand in the British economy was holding up. The pound was up 0.3 percent at $1.5229, having hit a three-week high of $1.5251 struck on Wednesday. Against the euro, sterling was flat at 74.70 pence.
Sterling rose for a third straight day against the dollar on Thursday, helped by an unexpected rise in house prices which backed views that demand in the British economy was holding up. The pound was up 0.3 percent at $1.5229, having hit a three-week high of $1.5251 struck on Wednesday. Against the euro, sterling was flat at 74.70 pence.
No comments:
Post a Comment