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 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.

EDITORIAL OF THE DAY

  • Right to reveal

    Delhi is India’s first state to announce a scheme for witness protection. But what about the witnesses in other states?

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

TODAY'S COLUMNS

Urs Schoettli

New masters of the Financial Times

A few days ago, Japan’s leading financial daily Nihon Keizai ...

Anuja Sharma

Focus mindfully to get the result

Have you ever tried to light a fire using the ...

Gautam Gupta

Our fashion schools need to notch it up

“Creativity is the key to success and primary education is ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture