Rupee down 11 paise against dollar in early trade
The rupee lost 11 paise to 62.30 against the US dollar in early trade today at the Interbank Foreign Exchange due to rise in the Greenback's value against other currencies overseas.
Forex dealers attributed the fall in the rupee to the dollar's gains against other global currencies and sustained capital outflows but a higher opening in the domestic stock market capped the rupee's fall.
The rupee had ended two paise down at over one-month low of 62.19 in yesterday's trade on late dollar demand from banks and importers.
Euro edges up ahead of key Greece talks
The euro rose in Asia on Wednesday, with investors calm ahead of talks between Greece and its creditors as it seeks to renegotiate a bailout deal, while the dollar firmed against the yen on expectations the Federal Reserve will hike interest rates.
The euro bought $1.1325 and 135.38 yen in Singapore, against $1.1315 and 135.15 yen in New York Tuesday, while the greenback rose to 119.53 yen from 119.44 yen.
The rupee lost 11 paise to 62.30 against the US dollar in early trade today at the Interbank Foreign Exchange due to rise in the Greenback's value against other currencies overseas.
Forex dealers attributed the fall in the rupee to the dollar's gains against other global currencies and sustained capital outflows but a higher opening in the domestic stock market capped the rupee's fall.
The rupee had ended two paise down at over one-month low of 62.19 in yesterday's trade on late dollar demand from banks and importers.
The euro rose in Asia on Wednesday, with investors calm ahead of talks between Greece and its creditors as it seeks to renegotiate a bailout deal, while the dollar firmed against the yen on expectations the Federal Reserve will hike interest rates.
The euro bought $1.1325 and 135.38 yen in Singapore, against $1.1315 and 135.15 yen in New York Tuesday, while the greenback rose to 119.53 yen from 119.44 yen.
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