MARKET HEADLINES
- Rupee drops 6 paise to 62.82 against dollar in early trade
The rupee fell by six
paise to a fresh two-month low of 62.82 against the
US dollar in
early trade today at the Interbank Foreign Exchange due to
rise in
the Greenback's value against other global currencies.
Forex dealers
attributed the fall in the rupee to the dollar's strength
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 lost 21 paise to end at two-month low of 62.76 against the
dollar in yesterday's trade on sustained dollar demand from
importers
amid rate hike concerns by the US Federal Reserve.
- Euro sinks to lowest since April 2003 as low yields hurt
The euro took another
lurch lower against the dollar on Wednesday, the
huge gap between
euro zone and US government bond yields driving the
single currency
to its lowest since April 2003.
By 0806 GMT, the euro was 0.5
percent lower on the day against the
dollar at $1.0643. It has lost
12 percent of its value so far in 2015 and
around 35 percent since
last May.
It also fell 0.3 percent against the yen to 129.12 yen,
its lowest since the
middle of 2013.
No comments:
Post a Comment