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You are here : Home >> Currency Street >> Report   Rupee opens in the red in early trade   28 August 2008 10:41:13       Rupee opened trade in the red Thursday against the greenback on increased dollar demand from oil importers as global oil prices weighed on the sentiment. At the forex market, rupee resumed lower at 43.74/75 a dollar from Wednesday’s close of 43.71/72 a dollar. The local currency breached the crucial 44-level to hit over a 17-month intra-day low of 43.16 and had fallen by nearly 1 per cent in the last two days	FOREX Reports     Pound falls against dollar, yen in early trade   The pound sterling slumped to a 3-day low against the greenback and yen in early trade ahead of the UK retail sales report.   Aussie ends weaker again   The Aussie closed weaker on Thursday, dropping to a three-week low in a market gripped by escalating risk aversion.   Pound sterling falls against dollar   Pound sterling witnessed a volatile trade yesterday and closed weak. But Sterling hit its highest in a week versus dollar in early trades after Bank of England minutes showed a unanimous vote to slash interest rates 150 basis points this month. More>        Top Stories Millions misspent in Europe Seven new indices to capture economic health Climate change concerns to spur cleantech business $30b needed to eradicate hunger every year Origin of diamond traces to India Gold rises, silver falls in India What makes Indian banks non-collapsible? Tea e-auction gets underway Brent crude falls below $51 a barrel Any takers for aluminium recycling? Govt allows partial edible oil exports Microfinance: challenges and prospects!   More >       Technical Calls     Commodities recap - evening of 20th Nov, 2008   Gold remained firm as bargain hunting from investors and jewellers in Asia helped the metal confront selling pressure from weak oil prices and slumping equities.   Sugar Futures under delivery pressure   Indian sugar futures might remain under pressure during the first half of the trading session due to delivery pressure.   CPO: To trade range-bound on subdued market activity   Crude palm oil futures are expected to trade range bound amidst subdued trading activity on lack of fresh fundamentals. More>       Market Pulse     MCX Agri up by 0.27%, NCDEX FutexAgri down   India’s major commodities bourses MCX and NCDEX returned to the early position in the intraday trade on Thursday.   COMEX Gold hovers at $740, gold surges at MCX   Gold prices on Thursday started a new upward tour above Rs 12000 pr ten grams following the declination of Indian rupee against US dollar and firming global market reports.   Mentha oil futures gains momentum at MCX   Mentha oil futures gained momentum on Thursday at MCX counter as traders and millers engaged in bargain buying. The commodity prices went up by more that 2 percent. More>
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