Indian rupee added gains early on Thursday, February 06, 2014

0
3

gsr-3546The Indian rupee added gains early on Thursday, February 06, 2014 alongside positive domestic and regional equities. The domestic currency opened stronger by 12 paise at Rs 62.45 against the US dollar and climbed further to a high of 62.39 before edging back to a low of 62.52 so far during the day. In the spot currency market, the Indian unit was last seen trading at 62.48, up 9 paise or 0.14% as compared to previous close at 62.57.

Rupee ended marginally lower on Wednesday as sentiment remained cautious with foreign funds continuing to be steady sellers of local debt ahead of key U.S. nonfarm payrolls data. The local unit rose the most in more than a week on speculation payments for a mobile-phone spectrum auction are boosting capital inflows. The government received bids totaling 446.1 billion rupees ($7.1 billion) on the first day of the sale that began Feb. 3, according to an official statement. Eight companies including Vodafone Group Plc are participating in the auction.

Domestic benchmark indices edged higher in early trade as firmness in Asian stocks boosted sentiment. Asian shares rose on Thursday as investors weighed data showing service-industries growth in the world’s biggest economy against a private jobs report that missed estimates. At the time of writing, the S&P BSE Sensex was up 77.59 points or 0.38% to 20,338.62 while the CNX Nifty was up 17.90 points or 0.3% to 6,040.30.

In the global currency market, the yen hovers near multi-month highs against the dollar and euro early on Thursday, highlighting a cautious mood among investors still fretting about the recent selloff in emerging markets. The outcome of the European Central Bank (ECB) policy review is due later on Thursday, followed by US jobs data on Friday.

  • Wow! Finally I got a website from where I be capable of really take helpful information regarding my study and knowledge.

  • I visited many blogs except the audio quality for audio songs present at this web page is actually excellent.

  • Everyone loves what you guys are up too. This kind of clever work and reporting! Keep up the terrific works guys I’ve included you guys to my own blogroll.

  • I was more than happy to discover this site. I want to to thank you for ones time due to this wonderful read!! I definitely liked every little bit of it and i also have you saved to fav to check out new things on your website.

  • I absolutely love your blog and find nearly all of your post’s to be just what I’m looking for. Does one offer guest writers to write content in your case? I wouldn’t mind writing a post or elaborating on some of the subjects you write concerning here. Again, awesome site!

  • Peculiar article, exactly what I needed.

  • Hi, the whole thing is going well here and ofcourse every one is sharing data, that’s actually excellent, keep up writing.

  • look at these guys

    This basically means, how can i hunt for blogs and forums that are great for what I would like to discover? Does just about anyone have learned to Look through personal blogs by issue or anything that on blogger? .

  • I am just scouting around both for web blogs which provide unbiased, healthy and balanced commentary on all problems or web sites that contain a liberal or placed-wing slant. Thank you very much..

  • go to my site

    We have known personal blogs and types of know exactly what they happen to be. My question for you is what exactly do you come up with within a web page, like content that is on your mind or maybe regardless of? And what websites am i able to logon to to get started with web blogs? .

  • Hey There. I found your blog using msn. This is a very well written article. I will make sure to bookmark it and return to read more of your useful information. Thanks for the post. I will definitely return.