THE RUPEE: all round decline

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All-round decline was seen on the currency market on Tuesday as the rupee fell against the dollar and euro, dealers said. The rupee shed 10 paisa against the dollar, losing 10 paisa for buying at Rs 102.25 and it lost 12 paisa for selling at Rs 102.30, dealers said.

INTERBANK MARKET RATES: OPEN MARKET RATES: The rupee followed the same pattern in terms of the dollar, shedding 10 paisa for buying and selling at Rs 102.30 and Rs 102.50, they said. The rupee also dropped by 25 paisa against the euro for buying and selling at Rs 134.75 and Rs 135.00, they said.

In the second Asian trade, the Australian dollar pushed higher after Australia's central bank cut interest rates as expected and refrained from offering a clear hint that it may ease monetary policy further.

Moves in other major currencies were relatively subdued, with the euro easing 0.1 percent to $1.3247, while the US dollar edged up 0.3 percent versus the yen to 98.53 yen. The dollar was trading against the Indian rupee at Rs 61.11, the greenback was at 3.2280 in terms of the Malaysian ringgit and the US currency was available at 6.1234 in relation to Chinese yuan.

Open Bid Rs 102.30

Open Offer Rs 102.50

Courtesy: BR

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