Evening Report-jun 09

Rupee closed near 42.87 pressured by heavy losses in the stock Market raising concerns that foreigners may intensify selling their stock holdings and record oil prices.Dollar's appeal was hit by news of the biggest jump in the U.S. unemployment rate denting expectations that the Federal Reserve will hike interest rates before the year is out.The euro hit a six-week high versus the dollar bolstered by expectations of a European Central Bank rate hike next month.The pound got a rare boost from higher than expected UK factory gate inflation data, but it remained pressured near an all-time low versus the euro as a slew of weak UK data in recent weeks has undermined confidence in the UK economy.The dollar continued to advance against the yen driven by buying from Japanese importers following the greenback's decline. .