Rupee edges lower; Asian currencies weak

Tags: 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

  • Common test will safeguard sanctity and bring accountability to medical profession

    Recalling its order of 2013, the Supreme Court paved the way for the all-India common entrance test, the national eligibility-cum-entrance test (NEET)

FC NEWSLETTER

Stay informed on our latest news!

TODAY'S COLUMNS

Amita Sharma

Political rhetoric makes for counter poetry

Poetic flourishes flavour politics. Ghalib and Hafez flowed profusely to ...

Zehra Naqvi

Watch your words, for they can kill

You must’ve heard the ph­rase ‘if looks could kill’. Ever ...

Dharmendra Khandal

Biodiversity day has come and gone. Yet again

Every year on May 22, world celebrates international biodiversity day. ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture