On the US economic front, weekly jobless claims fell to the lowest level since 1973 while an index of factory conditions sank back into contraction in April.
The Indian rupee slipped for the second consecutive session and opened lower by 11 paise at 66.50/$ ageinst US Dollar on Friday as against the previous close of 66.39/$.
On the US economic front, weekly jobless claims fell to the lowest level since 1973 while an index of factory conditions sank back into contraction in April. Meanwhile, the Conference Board’s leading economic index rose 0.2% to 123.4 following a 0.1% drop in February.
US stock indices slipped on Thursday after rising for the previous three sessions, as investors examined a slew of mixed earnings and crude oil prices softened. Declines in defensive sectors such as Consumer Staples, Telecom and Utilities weighed on the main indexes. The Dow dropped 0.6%, S&P 500 declined 0.5% and Nasdaq closed flat.
On Thursday, the home currency closed lower by 17 paise at 66.39/$. The local unit had hit a high of 66.21 and a low of 66.45. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 66.29 and for Euro stood at 74.89. The RBI’s reference rate for the Yen stood at 60.48; reference rate for the Great Britain Pound (GBP) stood at 95.1437 .
On the US economic front, weekly jobless claims fell to the lowest level since 1973 while an index of factory conditions sank back into contraction in April. Meanwhile, the Conference Board’s leading economic index rose 0.2% to 123.4 following a 0.1% drop in February.
US stock indices slipped on Thursday after rising for the previous three sessions, as investors examined a slew of mixed earnings and crude oil prices softened. Declines in defensive sectors such as Consumer Staples, Telecom and Utilities weighed on the main indexes. The Dow dropped 0.6%, S&P 500 declined 0.5% and Nasdaq closed flat.
On Thursday, the home currency closed lower by 17 paise at 66.39/$. The local unit had hit a high of 66.21 and a low of 66.45. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 66.29 and for Euro stood at 74.89. The RBI’s reference rate for the Yen stood at 60.48; reference rate for the Great Britain Pound (GBP) stood at 95.1437 .
No comments:
Post a Comment