The rupee weakened on Thursday, in line with domestic stocks and with a strong dollar overseas dampening sentiment. At 9:20 am, the partially convertible rupee was at 46.195/200 per dollar, after having fallen as low as 46.235 early.

At 0256 GMT, the MSCI index .MSCIAPJ of Asian stocks excluding Japan was trading 0.44 percent lower and the Nifty India stock futures SINc1 traded in Singapore were down 0.13 percent, suggesting a lower opening in the local stock market. The index of the dollar .DXY against six majors was up 0.26 percent. The U.S. dollar was firm on a basket of currencies, in sight of recent 7-month highs, while commodity-linked currencies slipped after the International Monetary Fund said it planned to sell more gold in the market. [USD/] (Reporting by Jeanette Rodrigues; editing by Malini Menon)

Related Posts:

• No Related Posts

The dollar touched the highest level against the euro in five months to January 20. The euro traded at $ 1.41, 10 ¢ below its peak in late November.

Interbank Foreign Exchange Rates At 00:50 EDT / 0450 GMT

Latest     Previous   %Chg   Daily   Daily    %Chg
Dollar Rates                        2150 GMT          High    Low      12/31

USD/JPY Yen              91.56-60   91.23-26   +0.36  91.66   91.20    -1.64
EUR/USD Euro             1.4090-94  1.4102-04  -0.09  1.4137  1.4068   -1.58
GBP/USD Sterling         1.6257-62  1.6286-92  -0.18  1.6311  1.6250   +0.58
USD/CHF Swiss Franc      1.0446-51  1.0439-45  +0.07  1.0469  1.0423   +0.89
USD/CAD Canadian Dlr     1.0454-60  1.0466-72  -0.11  1.0471  1.0440   -0.56
AUD/USD Australian Dlr   0.9125-28  0.9093-96  +0.35  0.9136  0.9097   +1.58
NZD/USD New Zealand Dlr  0.7212-16  0.7193-01  +0.26  0.7233  0.7194   -0.61
Euro Rates
EUR/JPY Yen              129.03-08  128.67-72  +0.28  129.18  128.55   -3.17

Data sources Andrew Monahan, Dow Jones Newswires
Dollar index measuring dollar against a basket of international currencies, hit its highest level since September, trading at 78.36.

For those who want to invest long term, currencies, experts recommend finding high quality investments in countries where strong economic growth expected.Short term players sold the euro, after data China’s gross domestic product grew by 8.7% has in 2009, beating market expectations of 8.5% growth.

Related Posts:

• No Related Posts