Rupee up by 16 paise against US dollar

Economic TimesJul 30, 2013

Rupee had closed at 59.41 against the US dollar on Monday. Rupee has fallen to all time low of 61.21 against the dollar on July 8, forcing RBI to take slew of measures including capping liquidity in the system and raising penal interest rate on …

Rupee to remain weak today; more US dollar selling likelyMoneycontrol.com

Posted in Uncategorized.
Rupee up by 16 paise against US dollar

Economic Times23 hours ago

Rupee had closed at 59.41 against the US dollar on Monday. Rupee has fallen to all time low of 61.21 against the dollar on July 8, forcing RBI to take slew of measures including capping liquidity in the system and raising penal interest rate on …

Rupee to remain weak today; more US dollar selling likelyMoneycontrol.com

Posted in Uncategorized.
Rupee up by 16 paise against US dollar

Economic Times21 hours ago

Rupee had closed at 59.41 against the US dollar on Monday. Rupee has fallen to all time low of 61.21 against the dollar on July 8, forcing RBI to take slew of measures including capping liquidity in the system and raising penal interest rate on …

Rupee to remain weak today; more US dollar selling likelyMoneycontrol.com

Posted in Uncategorized.
Rupee up by 16 paise against US dollar

Economic Times2 hours ago

Rupee had closed at 59.41 against the US dollar on Monday. Rupee has fallen to all time low of 61.21 against the dollar on July 8, forcing RBI to take slew of measures including capping liquidity in the system and raising penal interest rate on …

Rupee opens 23 paise lower against US dollarMyiris.com
Rupee ends 38 paise lower against US dollar as 59.42The New Indian Express

– The yen firmed against the dollar on Monday even after Japanese retail sales missed expectations, as the numbers came just one day after inflation figures outpaced market calls.
Ongoing uncertainty over the fate of U. S. monetary stimulus measures pushed the dollar lower against its Japanese counterpart as well.
In U. S. trading on Monday, USD/JPY was trading at 97. 83 down 0. 48%, up from a session low of 97. 64 and off a high of 98. 35.
The pair was likely to find resistance at 100. 45, Wednesday’s high, and support at 97. 64, the earlier low.
In Japan, government data released earlier revealed that retail sales rose by an annualized rate of 1. 6% in June, less than the expected 1. 9% increase, but up from a 0. 8% gain the previous month.
While shy of market calls, the numbers came in strong enough to spark demand for the safe haven yen, which performs well amid times of market uncertainty.
Separately, Bank of Japan Governor Haruhido Kuroda said the stimulus measures introduced by the central bank last April are having positive effects on financial markets, the economy, and expectations for price rises.
Speaking at the Research Institute of Japan, in Tokyo, Kuroda cautioned however that the BoJ is still far from achieving its 2% inflation goal
On Friday, Japan reported that the country’s consumer price index rose 0. 4% on year in June, beating expectations for a 0. 3% gain, which continued to support the yen in Monday afternoon trading.
On a monthly basis, Japan’s June inflation rate rose 0. 2% from May, beating expectations for a 0. 1% gain.
Meanwhile in the U. S. , the National Association of Realtors reported that pending home sales in the U. S. fell 0. 4% in June, less than an expected 1% decline but below a 5. 8% rise the previous month, which added to the uncertainty surrounding the fate of U. S. stimulus programs.
Some viewed the data as positive enough to keep the Fed on track to wind down stimulus programs this year and open the door to a longer-term strengthening trend for the U. S. currency, though uncertainty surrounding the fate of U. S. stimulus programs such as the Fed’s monthly USD85 billion bond-buying program made the yen an attractive buy on Monday.
The yen, meanwhile, was up against the pound and up against the euro, with GBP/JPY down 0. 60% and trading at 150. 32 and EUR/JPY trading down 0. 61% at – offers an extensive set of professional tools for the Forex, Commodities, Futures and the Stock Market including real-time data streaming, a comprehensive economic calendar, as well as financial news and technical & fundamental analysis by in-house experts.
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Baghdad (IraqiNews. com) MP, Abd al-Hussein Abtan, of the Citizen Coalition and the member of the Economic Parliamentary Committee revealed the existence of merchants associated with corrupt governmental officials controlling the markets in Iraq.
Abtan stated to ”The Parliamentary Economic Committee have always assured that the development in Iraq can only be achieved with the private sector, though there are a control on the general trade in Iraq, yet it is not by the private sector influence. ”
”There are some merchants imposing their control on markets by exploiting their relations with governmental officials,” he added.

 

Rupee down 31 paise against US dollar

Economic TimesJul 30, 2013

MUMBAI: The rupee today lost 31 paise to 59.72 against the dollar in early trade on the Interbank Foreign Exchange due to appreciation of the US currency against euro overseas. Increased month-end dollar demand from importers also put pressure on the …

Indian rupee drops most in week to 59.41 vs US dollar ahead of RBI reviewFinancial Express
Rupee ends 7 paise higher against US dollar as 59.04The New Indian Express