MUMBAI: The Indian rupee slipped in the early trade on Thursday. It has opened lower by 14 paise at 62.39 per dollar versus 62.25 Wednesday. Euro declines led by a barrage of conflicting headlines that left investors no clearer on whether Greece may yet secure a new debt agreement with its European lenders. Mohan Shenoi of Kotak Mahindra Bank said, “Strong US data suggests that the odds of a Fed rate hike in June is increasing. Consequently dollar is rallying against major currencies.” “Rupee is also headed towards gradual depreciation. USD-INR is likely to trade today in a range of 62.20-62.50/dollar,” he added.
Pakistan to get $3b loan from Islamic Trade Financing Corporation
ISLAMABAD: Islamic Trade Financing Corporation (ITFC) to provide Pakistan with a $3 billion loan, according to an official statement released...
