Asian stocks fell on Monday after Wall Street suffered its worst three-day slide in 10 months, but losses were muted, and high-yielding currencies edged up as some investor appetite for riskier assets surfaced.
Stock markets and the dollar bounced back from earlier losses Friday as investors said weaker than expected US December jobs figures did little to alter predictions for ongoing economic growth this year.
Asian shares edged up on Thursday, buoyed by resource shares, while the dollar was on the defensive after Fed Reserve`s latest policy meeting suggested the possibility of more stimulus measures for the US economy.
The Reserve Bank of India fixed the Reference rate for the US currency at Rs 46.51 per
dollar and the single European unit at Rs 66.48 per euro from
Rs 46.65 per dollar and Rs 66.83 per euro respectively, as on