Rupee falls in morning trade on risk aversion

Tags: Rupee, News
The rupee is trading lower at 61.88/89 versus Friday's close of 61.75/76. It fell to 61.95 in early trade.

Global risk aversion on geopolitical tensions in Ukraine is weighing on most Asian currencies.

China manufacturing PMI hits a seven-month low, further hurting risk currency sentiment.

The December GDP data, which came in at a below expected 4.7%, also hurt.

The Japanese yen rose across the board on Monday while investors gave risk currencies such as the Australian dollar a wide berth as Ukraine mobilised for war after Russia's President Vladimir Putin declared he had the right to invade the neighbouring country.

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E-mail ID will not be published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

  • Jaitley must have a workable gameplan

    While governments, irrespective of their political hues, cannot be faulted for mobilising non-tax revenues, overtly relying on these sources of fundin

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

Urs Schöttli

It’s time for Japan to step out of its shell

The execution of a Japanese hostage by ISIS has sho­cked ...

Zehra Naqvi

The urge to tell stories

One wants to tell a story, like Scheherzade, in order ...

Bubbles Sabharwal

Truth about truth

The question to ponder is, “is it the truth because ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture