Friday, January 22, 2016

Bullion tips : Rupee high 24 paise against USD as oil regained

Currency Updates : The INR(rupee) went high 24 paise to 66.78 against the US(United States) dollar in early trade on Friday Bullion Tips amid hopes that a regained in mcx crude oil prices world wide may halt outflows from emerging markets (EMs).

The rupee had closed 7 paise lower to settle at a fresh 29-month low of 68.02 on yesterday. Most Asian currencies were trading higher against the greenback. Korean won ahead 0.77 per-cent. Taiwanese dollar (up 0.46 per-cent), Malaysian ringgit (up 0.44 per-cent), Indonesian rupiah (0.27 per cent) and Thai baht (0.14 per-cent) remained some Asian currencies which rose in Friday's trade. 

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