Rupee advances in late morning deals, up 24 paise vs USDThe rupee firmed up further by 24 paise to 66.24 against the US currency in late morning deals following sustained bouts of dollar selling by exporters and banks.
The rupee opened higher at 66.38 per dollar against yesterday's closing level of 66.48 at the Interbank Foreign Exchange (Forex)market.
It gained further to 66.23 on bouts of dollar selling by exporters before quoting at 66.24 per dollar at 1045 hrs. It moved in a range of 66.46 and 66.23 during the morning trade.
Globally, the US dollar was lower in early Asian trade as nervous investors look to upcoming data from China and the United States to gauge whether they need to further wind back carry trades, bets in risk assets funded by these currencies. FOREX TIPS
Dollar sags against yen and euro, off 1.5% in August
The dollar eased against the safe haven yen and the low yielding euro on Monday as investors around the world knocked down equities and trimmed bets against currencies popularly used to fund risky carry trades.
The dollar shed 0.4 percent to 121.19 yen, down about 2.2 percent for August but well above a sevenmonth low of 116.15 touched a week ago.
The euro rose 0.5 percent to $1.1236, below last week's high of $1.1715 but still up 2.4 percent for the month. The dollar was up 0.4 percent against the Swiss franc to 0.9657 franc and off 0.3 percent against the pound at $1.5342.
The dollar eased against the safe haven yen and the low yielding euro on Monday as investors around the world knocked down equities and trimmed bets against currencies popularly used to fund risky carry trades.
The dollar shed 0.4 percent to 121.19 yen, down about 2.2 percent for August but well above a sevenmonth low of 116.15 touched a week ago.
The euro rose 0.5 percent to $1.1236, below last week's high of $1.1715 but still up 2.4 percent for the month. The dollar was up 0.4 percent against the Swiss franc to 0.9657 franc and off 0.3 percent against the pound at $1.5342.
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