MARKET HEADLINES
returning from a two day fall, rupee appreciated 13 paise to hits day's top of 63.47 opposed dollar in intra-day today after minutes from the latest Federal Reserve policy meeting shows that US policy makers remained cautious about outlook of the world's biggest economy, signaling a potential delay in the kick start of interest rate hike cycle. The indian currency had fallen 14 paise in the preceding session to close at a one week end of 63.60, thanks to steady dollar demand from state owned banks and importers. The dollar index, which tracks dollar against major world currencies, fell 0.3 % to 96.24. Euro was up at 1.10 opposed dollar. Meanwhile, the Greek PM Tsipras has promised international creditors of initiating 'credible reforms'
China
recovery pulls yen off four week highs
The yen surrendered some of this week's gets and the Australian dollarspring on Thursday after Chinese stocks showed signs of stemming a rout that has undulate through global markets. The six % get in Shanghai shares was enough to prompt confidence from investors after a rough on this month dominated by the euro zone's problems with Greece and a drop of more than 30 % in China's main market indexes. Those elements were behind the biggest one day push this annum intorecognize safety of the yen on Wednesday. It had fallen only half a % in value aga inst the dollar in early European deals on Thursday. The dollar was up 0.5 % at 121.325 yen, after collapse 1.5 % on Wednesday to suffer its largest drop since December. It fell as far as 120.410 yen as investors unroll small positions amid as lump in global equities of triggered by the selloff in Chinese stocks
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