Rupee down ; Dollar gains
Friday, May 6, 2011
, Posted by Prasanth at 10:57 AM
The rupee was down in early morning trades on Friday tracking weak regional peers and dollar gains overseas.
* At 9:24 a.m., the partially convertible rupee was at 44.8250/8400 per dollar, after touching 44.90, a level last seen on March 28. It had closed at 44.76/77 per dollar on Thursday.
* The index of the dollar against six major currencies was down 0.15 percent at 74.079 points, but higher than 73.090 at the close of local foreign exchange market on Thursday.
* The dollar held on to chunky overnight gains on Friday and key resistance levels were in its grasp as tumbling oil prices, a dearth of indications there would be an immediate rate hike from the European Central Bank and a series of soft U.S. data prompted selling of higher-yielding currencies.
* At 9:24 a.m., the partially convertible rupee was at 44.8250/8400 per dollar, after touching 44.90, a level last seen on March 28. It had closed at 44.76/77 per dollar on Thursday.
* The index of the dollar against six major currencies was down 0.15 percent at 74.079 points, but higher than 73.090 at the close of local foreign exchange market on Thursday.
* The dollar held on to chunky overnight gains on Friday and key resistance levels were in its grasp as tumbling oil prices, a dearth of indications there would be an immediate rate hike from the European Central Bank and a series of soft U.S. data prompted selling of higher-yielding currencies.
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