Today's currency market tips & updates 2 Mar, 2016

The INR(rupee) rose 11 paise to 67.74 against the USD in early trade on Wednesday tracking a firm trend in most currency markets of asia.Click for Commodity tips

The domestic currency had rushed 57 paise to close at a 3-week high of 67.85 in the previous session following the FM Mr. Arun Jairtey's pledge to maintain FY16 fiscal deficit target near 3.5 per-cent of the GDP.

Provisional data available with BSE concluded foreign institutional investors were net buyers to the tune of Rs 1,761 crs on yesterday.

The index of dollar, which tracks the movement of dollar compared to basket of 6 major world currencies, rose 0.02 per-cent to 98.36 on firm data of US.

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Currency tips : Asian currencies went high 27 Jan

Today, Most Asian currencies were trading high. Malaysian ringgit advanced 0.69 per cent against the greenback, followed by Taiwanese dollar (up 0.43 per cent), Korean won (up 0.38 per cent) and Indonesian rupiah (0.18 per cent). Japanese yen appreciated 0.14 per cent.

The rupee, with 2.48 per cent fall, has been the worst-performing Asian currency for far.

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