Rupee down 10 paise against dollar in early trade
The rupee fell by 10 paise to 61.51 against the dollar in early trade today at the Interbank Foreign Exchange market due to appreciation of the US currency overseas.
Forex dealers attributed the domestic currency's fall to the dollar's gains against other global currencies and a lower opening in the domestic equity market.
The rupee had ended marginally higher by one paisa at 61.41 against the American currency in yesterday's trade amid volatile markets on the back of a higher dollar overseas.
Russian rouble slides on oil, threat of more sanctions
The Russian rouble weakened on Wednesday, with a retreat in oil prices and a threat of new sanctions on Moscow for its role in the Ukraine crisis promising to weigh on the currency in the near future.
At 0738 GMT, the rouble was around 0.5 per cent weaker against both the dollar and the euro, trading at 67.15 76.32, respectively. Russian stocks rose, with the dollar-based RTS index trading 2.2 per cent higher at 800.4 points and the rouble-based MICEX up 1.7 per cent to 1,703.2 points.
South Korean won falls on rate cut view; shares at 7- week high
The South Korean won was pushed lower along with regional peers on Wednesday after Singapore unexpectedly eased its monetary policy, heightening speculation that the Bank of Korea may be pressured to follow suit with a rate cut of its own.
The local currency was quoted at 1,084.5 to the dollar at the conclusion of onshore trade, compared to 1,079.8 seen at the end of Tuesday's session.
The rupee fell by 10 paise to 61.51 against the dollar in early trade today at the Interbank Foreign Exchange market due to appreciation of the US currency overseas.
Forex dealers attributed the domestic currency's fall to the dollar's gains against other global currencies and a lower opening in the domestic equity market.
The rupee had ended marginally higher by one paisa at 61.41 against the American currency in yesterday's trade amid volatile markets on the back of a higher dollar overseas.
Russian rouble slides on oil, threat of more sanctions
The Russian rouble weakened on Wednesday, with a retreat in oil prices and a threat of new sanctions on Moscow for its role in the Ukraine crisis promising to weigh on the currency in the near future.
At 0738 GMT, the rouble was around 0.5 per cent weaker against both the dollar and the euro, trading at 67.15 76.32, respectively. Russian stocks rose, with the dollar-based RTS index trading 2.2 per cent higher at 800.4 points and the rouble-based MICEX up 1.7 per cent to 1,703.2 points.
South Korean won falls on rate cut view; shares at 7- week high
The South Korean won was pushed lower along with regional peers on Wednesday after Singapore unexpectedly eased its monetary policy, heightening speculation that the Bank of Korea may be pressured to follow suit with a rate cut of its own.
The local currency was quoted at 1,084.5 to the dollar at the conclusion of onshore trade, compared to 1,079.8 seen at the end of Tuesday's session.
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