Friday, January 8, 2016

Share tips, Currency updates, INR(Rupee) rises 18 paise against USD

Share tips & currency updates : Cracking a 2-day losing streak, the INR(rupee) went high by 18 paise to 66.75 in early trade on yesterday, as Asian currencies recovered amid reports that the Chinese central bank, PBoC, was intervening to support the tumbling yuan.

The local currency went down by 11 paise to close at a 3-week low of 66.93 against the greenback in the preceding session on persistent dollar requirement from banks and importers.

The Malaysian ringgit rose 1 per-cent to 4.35 against the USD. The Taiwan dollar & the Korean won ahead 0.81 per-cent & 0.72 per-cent, respectively. The Indonesian rupiah rose 0.51 per cent. The Singapore dollar gained .36 per-cent.

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