EVENING REPORT-JUL 02.

Rupee closed at 43.16 on the back of gains in the local stock market raising hopes of some capital inflows but high oil prices continued to put downward pressure on the rupee curbing further gains. The dollar traded flat to a little stronger against most major currencies , reclaiming some of the ground it recently lost as markets await important U.S. economic figures on the eve of a key meeting of European Central Bank policymakers.Euro jumped to new multi-day highs against its most major counterparts on expectation that the European Central Bank will lift rates to strike a balance between slowing growth and rising inflation.Pound withdrew its bull run on the light of negative construction data.In economic news we have high mortgage rates, coupled with uncertainty about the outlook for the UK economy, which is reining in household expenditure.yen that largely showed choppy trading for the day as Japan's monetary base for June rose 0.4% on year
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