The currency blog

The Indian rupee appreciated by 24 paise against the US dollar in early trade today on increased capital inflows by foreign funds in the domestic bourses.

At the Foreign Exchange market, the domestic unit was quoted lower at 49.38, up 24 paise from its previous close of 49.61/62. Forex dealers said fresh capital inflows in the domestic markets and the dollar weakening against other currencies, supported the rise in the rupee. Save time and money with the new Rate Watch Service. 

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• NEW YORK (Dow Jones)–The yen fell to session lows versus the euro and dollar after the January U.S. jobs report boosted U.S. stocks futures and currency traders took advantage of the spark in risk appetite.
• The yen is considered a safe-haven currency and typically declines against rivals during periods of greater risk appetite when equities rise.
• The euro rose as high as Y117.70 and the dollar hit Y91.85.

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