Tuesday, June 7, 2011

Rupee down tracking Asian peers, oil payments weigh

The rupee was weaker in early morning trades on Tuesday in tandem with lower Asian peers, while oil importers' dollar demand also weighed.         
* At 9:10 a.m., the partially convertible rupee was at 44.81/82 per dollar, weaker than Monday's close of 44.7550/7650.         
      * Traders expect the rupee to trade in a range of 44.70-44.95 during the day.         
          * Most Asian currencies were weaker against the dollar. For a snapshot, see:         
          * The index of the dollar against six major currencies was up 0.02 percent at 73.970 points compared with 73.845 points when the domestic market closed on Monday.         
          * The euro was trading at $1.4582, compared with $1.4607 when the domestic market closed on Monday.      

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