Rupee trims early gains, down 1 paisa vs dollar
The rupee trimmed its initial gains and quoted down by 1 paisa to 61.64 against the US currency in late morning deals today on mild bouts of dollar demand from importers.
Earlier, the rupee resumed slightly higher at 61.62 per dollar as against yesterday close of 61.63 at the Interbank Foreign Exchange market.
Later, it traded strong at 61.50 on sustained dollar selling by exporters before quoting at Rs 61.64 at 1100 hours.
It hovered in the range of 61.50-61.64 per dollar during the morning trade. Rallying equities and heavy capital inflows capped the rupee losses, dealers said.
Euro braces for ECB moves, rate cut jolts Canadian dollar
The euro held steady on Thursday as investors awaited details of a sovereign bond-buying programme that the European Central Bank is seen likely to announce later in the day.
Market expectations are sky-high for the ECB to unveil a large-scale programme of quantitative easing.
A euro zone source said on Wednesday the ECB's Executive Board has proposed a programme that would enable the bank to buy 50 billion euros ($58.05 billion) in bonds per month starting in March.
Whatever the outcome, traders said there is sure to be plenty of volatility in euro/dollar.
The euro last traded near $1.1607, little changed on the day. Since reaching an 11-year trough of $1.14595 on Friday, the common currency has been drifting in a slim range as investors wait to see how aggressive the central bank might be.
The rupee trimmed its initial gains and quoted down by 1 paisa to 61.64 against the US currency in late morning deals today on mild bouts of dollar demand from importers.
Earlier, the rupee resumed slightly higher at 61.62 per dollar as against yesterday close of 61.63 at the Interbank Foreign Exchange market.
Later, it traded strong at 61.50 on sustained dollar selling by exporters before quoting at Rs 61.64 at 1100 hours.
It hovered in the range of 61.50-61.64 per dollar during the morning trade. Rallying equities and heavy capital inflows capped the rupee losses, dealers said.
The euro held steady on Thursday as investors awaited details of a sovereign bond-buying programme that the European Central Bank is seen likely to announce later in the day.
Market expectations are sky-high for the ECB to unveil a large-scale programme of quantitative easing.
A euro zone source said on Wednesday the ECB's Executive Board has proposed a programme that would enable the bank to buy 50 billion euros ($58.05 billion) in bonds per month starting in March.
Whatever the outcome, traders said there is sure to be plenty of volatility in euro/dollar.
The euro last traded near $1.1607, little changed on the day. Since reaching an 11-year trough of $1.14595 on Friday, the common currency has been drifting in a slim range as investors wait to see how aggressive the central bank might be.
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