MARKET HEADLINES Rupee down 17 paise against dollar in early trade
Extending losses for the fourth straight session, the rupee fell by 17 paise to 62.42 against the dollar in early trade today at the Interbank Foreign Exchange market as the American currency strengthened overseas amid persistent foreign capital outflows. Forex dealers said besides the dollar's gain against other currencies overseas, increased demand for the American unit from importers put pressure on the rupee but a higher opening in the domestic equity markets, capped the losses. The rupee had declined by six paise to close at a fresh one-month low of 62.25 in yesterday's trade on persistent dollar demand from banks and importers.
Euro stalls on lack of Greek deal, eyes on Riksbank
The euro dipped on Thursday after regional finance ministers failed to secure a debt agreement with Greece, while investors readied for a possible interest rate cut in Sweden. Most economists polled by Reuters reckon the Swedish central bank will keep its main repo rate at zero, but some expect the Riksbank to deal with falling inflation by cutting the main rate into negative territory and possibly signalling a later lift-off date for future hikes. Ahead of the rate decision, due at 0830 GMT, the Swedish crown inched up 0.2 percent to 9.4854 crowns per euro. Against the dollar, the euro slipped 0.1 percent to $1.1326 from a high of $1.1353. It eased to 135.95 yen , having earlier scaled a three-week peak of 136.70.
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