The rupee today bounced back to settle at a fresh two-week high of 68.45 against the US currency, gaining 12 paise as crude oil prices beat a hasty retreat, easing inflation and trade deficit worries.
The rupee retreated from a near two-week high and ended lower by 4 paise at 68.57 against the US currency, snapping a three-session recovery trend due to renewed dollar demand.
European Central Bank published a job vacancy on Monday, seeking a new head for its bank supervisory arm from January after the term of current Chair Daniele Nouy expires.
The rupee today surged to a three-week high of 68.31 before closing marginally up by 4 paise at 68.53 against the US currency mirroring late losses in stock markets and capital outflows.
European Union’s top court granted six French banks an exemption from holding capital against deposits parked with a state-owned fund, overturning a decision by the European Central Bank.
The rupee today surged by 20 paise to end at a one-week high of 68.57 against the US dollar buoyed by a steep fall in crude prices and a strong rally in equity markets.
Euro zone interest rates will remain at their current level for as long as needed to raise inflation and the European Central Bank’s guidance should be seen as “open-ended”, ECB policymakers concluded in June according to minutes of their meeting published on Thursday.
Production at factories in the 19 countries sharing the euro currency increased by more than expected in May, data from European statistics office Eurostat showed on Thursday.
France lowered its final June inflation figures from earlier estimates, although inflation in the euro zone’s second-biggest economy remained near six-year highs.
European Central Bank supervisors will give euro zone banks extra time to set cash aside against their bad loans if their pile of soured debt is particularly high, the ECB said.