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Friday July 3, 09:50 AM
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Rupee eases as dollar gains overseas, stocks eyed
MUMBAI (Reuters) - The rupee eased on Friday, pressured by the dollar's gains overseas, and traders awaited opening deals in local equities for cues on capital inflows.
* At 9:06 a.m., the partially convertible rupee was at 48.10/12 per dollar, off an early low of 48.15, and weaker than Thursday's close of 47.95/96.. It had hit 47.74 in early trade in the previous session, its highest since June 16.
* The dollar held gains made in the wake of bleaker-than-expected U.S. jobs data, hovering near its highest levels in a week against the euro on Friday and pressuring commodity currencies like the Australian dollar.
* Trading in Indian shares were volatile and the 30-share BSE (^BSESN : 16158.28 +94.38
) index gained marginally on Thursday as investors waited for the budget.
* The index had leapt 49.3 percent in April-June, its biggest quarterly gain in 17 years, in anticipation of an economic rebound.
(For more news on Reuters Money click http://in.reuters.com/money)
