Rupee off lows as euro retreats : Rupee Updates

The Rupee is off lows as monetary unit retreats and dollar demand ebbs. The native unit is commerce at fifty four.05/06 when falling earlier to fifty four.37 vs its previous shut of fifty four.01/02.

Several dealers say dollar demand by an outsized fund house to fulfill redemption desires was the key reason behind early fall within the rupee, that then declines on the absence of extra USD consumers and on foreign fund flow-related dollar merchandising.

Euro near four-month highs against the yen and therefore the dollar, tho' some traders assume the one currency's rally since late July might run out of steam before long.

Source : in.reuter.com

You can fill the form here on the blog to get free tips on your mobile for day after Tomorrow that is on Thursday 20 September 2012..... Have a Happy Trade!!! :)

Rupee Updates : Indian Stock Market Tips

Rupee Updates for today 24 August 2012 Friday is that the rupee declined by 18 paise to 55.44 against the dollar in early trade on today,  snapping four sessions of gains, at the Interbank Foreign Exchange on fresh demand for the American currency.

A decrease in the price is due to the increased dollar demand from importers, a lower opening in the domestic equity market put pressure on the rupee, forex dealers said.

Also, the BSE benchmark Sensex fell by 88.71 points, or 0.49 per cent, to 17,761.51.

They, however, added that euro's rise against the dollar in the overseas markets capped rupee's losses.

The rupee had gained 23 paise to end at nearly two-week high of 55.26 against the dollar on sustained selling of the American currency by exporters in yesterday's session.

In the last four sessions, the rupee has gained 49 paise, or 0.88 per cent.

US Dollar(USD) To Indian Rupee(INR) Currency Exchange Rates  :-

1 USD = 55.385 INR

US Dollar(USD)		Indian Rupee(INR)
1 USD =	55.385 INR	0.01806 USD =	1 INR
2 USD =	110.77 INR	0.03611 USD =	2 INR
5 USD =	276.925 INR	0.09028 USD =	5 INR
10 USD =	553.85 INR	0.18055 USD =	10 INR
15 USD =	830.775 INR	0.27083 USD =	15 INR
20 USD =	1107.7 INR	0.36111 USD =	20 INR
25 USD =	1384.625 INR	0.45139 USD =	25 INR
50 USD =	2769.25 INR	0.90277 USD =	50 INR
100 USD =	5538.5 INR	1.80554 USD =	100 INR

Rupee Updates : Indian Stock Market

Rupee falls from 1-week highs against dollar; which may cause global risk in focus

The rupee fells from a session high of 55.30 against dollar to trade at 55.45/46, slightly up from its previous close of 55.52/53 tracking a dip in the euro.

USD/INR had hit a one-week high on Monday after Finance Minister P. Chidambaram promised forthcoming fiscal consolidation steps.

However, the Indian currency rebounded tracking a dip in the euro as traders also focused on potential ECB steps.

Some oil-related USD buying is also seen, though traders say flows are not as consistent as Monday.

A dealer at a foreign bank tips USD/INR to trade at 55.25-55.55 band for the session.

SOURCE : Reuters