MARKET HEADLINES Rupee inches up as shares gain; month-end dollardemand hurtsThe rupee edged higher to 55.57/58 versus its close of 55.63/64 onFriday, tracking gains in the share market.Shares were trading up 0.9 per cent, pulled up by gains in RelianceIndustries which rose 4.5 per cent after the conglomerate and itspartners said they made a significant gas discovery in the KG-D6basin.Most Asian currencies were trading slightly stronger comparedwith the dollar. The dollars broad losses versus major currenciesalso helping the Indian currency.The dollars index versus six majors was down 0.17 per cent. Swiss franc up as Nikkei slide hits risk sentimentThe Swiss franc ticked up against the euro and the dollar onMonday as another sharp fall in Japanese equities weighed on appetitefor risk.Japans Nikkei Index slid more than 3 percent, following on fromturbulent trading in the previous week when concerns over weakChinese manufacturing data and worries the U.S. Federal reservemight start reducing its bond-buying programme hit stocks andcurrency markets.The safe-haven franc was trading up 0.1 percent against the euro at1.2426 compared to the New York close. Against the dollar, the francwas also up 0.1 percent at 0.9604, with a holiday in the United Statesand Britain expected to keep trading thin. Yen stays near 2-1/2 week high against dollarThe yen rose on Monday, hovering near its highest in more than twoweeks against the dollar, as another drop in Japanese sharescontinued to encourage investors to unwind dollar hedge positions.Trading was quiet, however, with UK and U.S. markets closed for apublic holiday.The dollar was down 0.4 percent at 100.84 yen, near Fridays trougharound 100.66 yen, its lowest since May 10.
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