DATE:
01/04/2015
MARKET
HEADLINES
Rupee
gains on fresh selling of dollar
The
rupee recovered by 11 paise at 62.56 against the US dollar in early
trade today at Interbank Foreign Exchange on fresh selling of the
American currency by exporters.
The local currency had lost 26 paise
to close at 62.67 yesterday due to
renewed month-end demand from the
dollar from importers.
Forex dealers said besides fresh selling of
the American currency by
exporters, a higher opening in the domestic
equity market supported the
rupee but the dollar's strength against
other currencies overseas, capped
the gains.
Euro
falls on jitters over Greece debt deal
The
euro drifted lower in Asia on Tuesday with investors following talks
between debt-hit Greece and its international creditors as Athens
looks to
reform its bailout obligations.
In Tokyo, the single
currency slipped to $1.0790 and 129.69 yen, from
$1.0825 and 130.10
yen in New York, while the dollar was at 120.17 yen
against 120.18
yen. Experts from the International Monetary Fund and
the European
Union are scrutinising a list of reforms that Athens has
proposed in
its bid to get the creditors to release 7.2-billion euros in
much-needed loans that will help it avoid a default.
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