MARKET HEADLINES
Rupee down 11
paise against dollar in early trade
The rupee lost 11 paise
to 62.30 against the US dollar in early trade today
at the Interbank
Foreign Exchange due to rise in the Greenback's value
against other
currencies overseas.
Forex dealers attributed the fall in the rupee
to the dollar's gains against
other global currencies and sustained
capital outflows but a higher
opening in the domestic stock market
capped the rupee's fall.
The rupee had ended two paise down at over
one-month low of 62.19 in
yesterday's trade on late dollar demand
from banks and importers.
Euro edges up
ahead of key Greece talks
The euro rose in Asia on
Wednesday, with investors calm ahead of talks
between Greece and its
creditors as it seeks to renegotiate a bailout deal,
while the
dollar firmed against the yen on expectations the Federal
Reserve
will hike interest rates.
The euro bought $1.1325 and 135.38 yen in
Singapore, against $1.1315 and
135.15 yen in New York Tuesday, while
the greenback rose to 119.53 yen
from 119.44 yen.
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