Evening report-jul 10.

Rupee stayed firm against the greenback as some foreign banks sold dollars for exporters.Exporters were seen selling dollars around the 43.17-43.18 , which pushed up the rupee.Dollar steadied after oil's steep drop was halted, but investors remained cautious due to worries about more credit-related losses and the economy. Euro was lower against the U.S. dollar after the president of the European Central Bank warned that an inflation price spiral was evident in the euro zone.British pound fell to US$1.9776 from US$1.9818 as Bank of England held the interest rates steady at 5 percent to reduce concerns about rising inflation.The housing slump and tight credit markets are dragging the country toward recession, making it prohibitive for the MPC to raise rates to battle inflation. Yen fell to 107.40 after Japan’s domestic corporate goods price index rose to a 27 year high of 5.6% in June.The BoJ finds itself caught between slowing growth and rising prices