MARKET
HEADLINES
- Rupee hits day's high of 59.14 against US dollar
The
rupee strengthened to 59.14 against the US dollar in intraday trade
today on sustained capital inflows amidst a higher opening in the
domestic equity markets.
Dealers
attributed the rise in domestic currency to sustained selling of the
dollar by exporters amidst heavy foreign capital inflows.
Besides,
dollar's weakness against other currencies overseas after the
European Central Bank unveiled a batch of measures to kick start the
stuttering eurozone economy also supported the rupee's rise, they
added.
The
rupee closed flat at 59.33 against the dollar in lacklustre trade
yesterday on alternate bouts of buying and selling as investors
awaited for European Central Bank policy decision.
- Sterling climbs against Euro on diverging policy outlooks
Sterling
rose against the euro on Friday, climbing towards 18-month highs hit
a day earlier, with diverging interest rate outlooks expected to
underpin the British currency in the near term.
While
the European Central Bank declined to rule out quantitative easing on
Thursday after imposing negative rates on excess cash parked with it,
the Bank of England is likely to raise interest rates early next
year.
That
expectation has helped drive the pound 10 per cent higher against a
basket of currencies over the past year.
The
euro was down 0.15 per cent at 81.10 pence, having hit 80.64 pence -
its lowest since December 2012 - on Thursday after the ECB announced
a series of policy-easing measures including rate cuts.
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