Rupee continues winning streak against US dollar
Continuing its recent attractive streak, rupee rose 9 paise opposed dollar in morning trades today. The local unit had stop 5 paise higher at 63.39 opposed the greenback
yesterday after at falling as much as 20 paise in intra-day trades.The gains were seen even as dollar strengthened opposed most worldcurrencies including euro. Dollar index, which tracks rupee movement opposed a basket of main currencies, rose 0.16 per cent to one month up of 96.45. Eurozone finance ministers & leaders will gather in Brussels is today for aseries of emergency conference on Greece that are likely to prove decisiv11e Greece decline the terms of the country's bailout collection in a referendum on Sunday.
Euro down 0.8 pct; commodity currencies at multi- year lows
The euro fell very close 1 percent against a glad dollar on the Tuesday, as German 10 annum Bund yields border lower and interest rate differential shift opposed the common currency. The dip in Bund yields & the euro came after the European Central Bank left urgent liquidity for Greek banks at current levels but increased the haircuts on the collateral it need. That kept alive fears Greek banks will fast run out of cash and that Greece's problems will unroll to other Southern European countries.
Against the dollar, the euro was down 0.9 percent at $1.09605, a one
Against the dollar, the euro was down 0.9 percent at $1.09605, a one
week low, with a drop below $1.0955 set to take it to its lowest in more than a month. The dollar index rose 0.7 % to 96.903, a onemonth high
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