MARKET
HEADLINES
- Rupee down 25 paise against dollar in early trade
The
rupee depreciated by 25 paise to 61.40 against the US dollar in early
trade today at the Interbank Foreign Exchange due to month-end demand
for the US currency from importers amid a weak opening in the
domestic equity market. Forex dealers said besides the dollar's gains
against other currencies overseas after US data showed the economy
expanded at its fastest pace since 2011 during the April-June
quarter, fresh demand from importers for the American unit put
pressure on the rupee. The rupee had recovered by 19 paise to close
at 61.15 against the dollar in Friday's trade in tune with local
equities. Meanwhile, the benchmark BSE Sensex fell by 82.11 points,
or 0.31 per cent, to 26,544.21 in early trade today.
- South Korean won falls nearly 1% against the dollar; shares edge lowerThe South Korean won fell nearly 1 per cent on Monday to its lowest close since April 7, as the dollar resumed its broad rally on robust US data and reached a four-year high against a basket of major currencies. The won was quoted at 1,053.8 to the dollar at the conclusion of onshore trade compared to Friday's close of 1,044.4, breaching a key psychological resistance level of 1,050. South Korean shares edged lower on Monday, as a tepid industrial profit report over the weekend continued a string of lacklustre data from China, South Korea's largest export destination. The Korea Composite Stock Price Index (KOSPI) edged 0.25 per cent lower to close at 2,026.60 points. Decliners were led by growth-related counters sensitive to Chinese demands. Steel giant POSCO tumbled 4.5 per cent and DaewooBSE 0.00 % Shipbuilding & Marine Engineering slid 4.3 per cent.Register yourself for free Comex Tips , Equity Tips , Free Nifty Tips, Nifty Option Tips, Stock Option Tips, Stock Options Tips, Nifty Options Tips , Share Tips , Free Ncdex Tips , Free Mcx Tips , Free Commodity Tips, Domestic Forex Tips , Nifty Options Calls , Mcx Bullion Tips , Bank Nifty Tips , Mcx Gold Tips , Mcx Crude Tips , Comex Silver Trading Tips , Live Gold Silver Tips , Daily Nifty Tips .
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