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4 years ago
MARKET EYE-USD/INR edges down, tracking dollar's broad fall; shares watched
February 3, 2014 / 3:58 AM / 4 years ago

MARKET EYE-USD/INR edges down, tracking dollar's broad fall; shares watched

* USD/INR trading at 62.59/60 versus its close of
62.68/69, tracking the dollar's losses against major currencies.
* The index of the dollar versus six majors trading down
0.06 percent.
* The euro licked its wounds near a 10-week low against the
dollar on Monday after soft euro zone inflation data rekindled
speculation the European Central Bank may ease policy to stave
off deflation. 
* Traders will continue to monitor the domestic share market
which is currently down 0.4 percent for cues on foreign fund
flows. The HSBC Markit manufacturing PMI data due to be released
at 0500 GMT will also be monitored for cues.

 (swati.bhat@thomsonreuters.com/;
swati.bhat.thomsonreuters.com@reuters.net)

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