Date:
27/03/2015
Rupee
falls against dollar on increased demand from
importers
The
rupee hit intraday low of 62.75, down 41 paise, against the US
dollar
in trade today at the Interbank Foreign Exchange on month-end
demand
for the American currency from banks and importers.
Forex
dealers attributed the fall in the rupee to increased demand for the
dollar from importers and a lower opening of the domestic equity
market
but the Greenback's weakness against other currencies
overseas, capped
the rupee's losses. The rupee had snapped its
seven-day winning spree by
slipping seven paise to close at 62.33
against the dollar in yesterday's
trade.
Dollar
slips against euro, yen after weak US data
The
dollar fell against the yen and euro Thursday after poor US data
dented confidence in the world's top economy and threw into question
the
timeline for a long-awaited Federal Reserve interest rate hike.
In Tokyo, the greenback slid to 118.99 yen, from 119.43 yen in New
York and
119.62 yen in Asia earlier Wednesday.
The euro rose to $1.0986 from
$1.0973 after an upbeat German business
confidence report, but the
unit eased to 130.75 yen from 131.05 yen.
The dollar was mostly
stronger against other Asia-Pacific currencies.
The
greenback also strengthened to 62.63 Indian rupees from 62.28
rupees, and to 44.83 Philippine pesos from 44.78 pesos. The
Australian
dollar slipped to 78.18 US cents from 78.76 cents, while
the Chinese yuan
eased to 19.15 yen from 19.26 yen.
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