Rupee
depreciates against US dollar
Falling for the
second straight sessions, rupee fell 8 paise to 63.54 opposed dollar in
trades today.The local
currency obtain in the five sessions to the Monday, but fell 6 paise on Tuesday to
close at 63.46 against the greenback amid fresh demand forthe US currency
from The banks and importers. Among the
global evolution, euro zone leaders have given Greece until Thursday
to present latest proposals to secure a deal with international
creditors by Sunday. Dollar index, which tracks dollar movement
against majors world currencies, was trading modestly Top at 96.93. Euro inched up
to 1.09 opposed dollar
Yen
hits six week high as Chinese turmoil saps risk appetite
The
yen climbed to a six-week high against the dollar on The Wednesday,
after Chinese
stocks struggled to pull out of a tailspin, impel all investors previously
quake by Greece's debt crisis to seek out secure havens. The
euro controled to inch up opposed the dollar, having been boosted as small
late on Tuesday after The member states gave Athens until the close
of the week
to come up with a offering for sweeping reforms in recur for loans. With
the turmoil in China rattling investors, the yen get 0.9 per-cent versus
the dollar to 121.45, its powerfull since late May. The Swiss france, different
safe haven, get only slightly, with speculation the Swiss National
Bank was The again intervening to stem the currency's gains.
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