Rupee edges lower; Asian currencies weak

Tags: Rupee, News
The rupee is marginally lower at 62.14/15 versus it Friday close of 62.12/13.

"The dollar

RELATED ARTICLES

is looking biddish as some pressure is seen on Asian currencies," says the chief dealer with a private bank.

Tips 62.05-62.30 range for the session.

Most Asian currencies including won, baht and rupiah showing weakness.

The euro held steady against the dollar, retaining its gains made late last week as political unrest in Ukraine showed signs of settling down for the time being.

Asian stocks dropped and the dollar firmed as investors looked past the Group of 20's latest commitment to spur faster global growth and turned their focus back to the impact of the U.S. Federal Reserve's stimulus withdrawal.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • Exchange managements must distinguish between speculation and gambling

    Every bull run in the Indian equity market raises the spectre of excessive speculation.

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Roopen Roy

Building smart cities the Indian way

Today more than half of the world’s population lives in ...

Zehra Naqvi

The mere display of power is not success

The stars are not afraid to appear like fireflies —Rabindranath Tagore ...

Dharmendra Khandal

Let the tiger breathe in its natural home

The world has been observing July 29 as International Tiger ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture