MUMBAI: The Indian rupee eased further by four paise to 42.94/94 against the US currency in morning trade on Monday on fresh month-end dollar demand amid steady equity markets.
At the Interbank Foreign Exchange market (forex), the local currency resumed lower at 42.90/92 a dollar from its last weekend's close of 42.88/89 a dollar and later moved down further to 42.92/94 a dollar in late morning trade.
Dealers said oil companies were seen making dollar purchases at the month-end for their import payments. Global oil prices neared USD 142 a barrel in Asian trade this morning, pushed up by continued worries about supplies and weak US dollar.
Asian equity markets, including Indian bourses showed narrow movements in morning trading on Monday.
At the Interbank Foreign Exchange market (forex), the local currency resumed lower at 42.90/92 a dollar from its last weekend's close of 42.88/89 a dollar and later moved down further to 42.92/94 a dollar in late morning trade.
Dealers said oil companies were seen making dollar purchases at the month-end for their import payments. Global oil prices neared USD 142 a barrel in Asian trade this morning, pushed up by continued worries about supplies and weak US dollar.
Asian equity markets, including Indian bourses showed narrow movements in morning trading on Monday.
No comments:
Post a Comment