Mumbai, June 22: The rupee is expected to ease on Tuesday, pulling away from a one-month peak reached in the previous session, following mostly weak regional stock markets and mild gains in the dollar versus majors.
* The partially convertible rupee ended at 45.745/755 per dollar on Monday, 0.9 percent stronger than Friday’s close of 46.16/17. It had climbed as high as 45.58 during trade, its strongest since May 18.
* The euro and the Australian dollar rose on Tuesday after China’s central bank set the yuan’s daily mid-point against the dollar at the highest level since the yuan’s revaluation in July 2005.
However, the euro soon gave up gains and was trading steady.
* The index of the dollar against six major currencies was up 0.1 percent and would be watched for cues, dealers said.
* At 0240 GMT, the MSCI-index of Asian stocks ex-Japan was down 0.5 percent while the Nifty India stock futures traded in Singapore were 0.3 percent lower, suggesting a weak open to the local market.
—-Agencies