1. Home >
  2. Export Import News >
  3. Foreign Exchange >
  4. Rupee ends at 1-week high of 72.48 against US dollar >
  5. Rupee ends at 1-week high of 72.48 against US dollar

Online Export Import Data Search

Recent Searches: No Recent Searches
Complete Training Video : Click Here

Rupee ends at 1-week high of 72.48 against US dollar.

Date: 29-09-2018
Subject: Rupee ends at 1-week high of 72.48 against US dollar
Continuing its healthy recovery momentum for the third-straight day, the rupee on September 28 gained 11 paise to end at a one-week high of 72.48 against the US dollar on sustained selling of the American currency by exporters.

However, the domestic for the week finished lower by 28 paise, posting its fifth straight weekly loss. Ongoing global trade war concerns and surging global crude prices caused some discomfort for the rupee and restricted the gains.

Heavy month-end dollar demand from importers also weighed on the forex front. Besides, caution prevailed ahead of RBI policy meeting next week.

The Indian unit traded in the range of 72.39-72.67 against the greenback most part of the day.

In the meantime, global crude prices steadied near $82 a barrel mark as US sanctions on Tehran squeezed Iranian crude exports, tightening supply even as other key exporters increased production.

The domestic equities market, however, drifted for the third consecutive trading day as selling pressure remained unabated in select banking counters and NBFCs due to high valuations and exacerbated fears of liquidity crisis in the sector.

The benchmark Sensex dropped 97.03 points to end at 36,227.14, while Nifty fell over 47 points at 10,930.45.

Upgrading its economic outlook, the Federal Reserve on September 27 raised its key short-term interest rate by a quarter point for the third time in 2018 and kept its forecast for another hike later this year.

Maintaining its bullish bias, the rupee opened higher at 72.49 from overnight close of 72.59 at the inter-bank foreign exchange market (forex) here.

After extending a rally to hit a session of high of 72.39 in late afternoon deals, the local currency finally settled the day at 72.48, showing a gain of 11 paise, or 0.15 percent.

The Financial Benchmarks India private limited (FBIL), meanwhile, fixed the reference rate for the dollar at 72.5474 and for the euro at 84.4428.

In the cross currency trade, the rupee rose further against the British Pound to end at 94.57 per pound from 95.27 and hardened against the euro to close at 83.94 from 84.95 earlier.

The home unit also rebounded against the Japanese yen to conclude at 63.92 per 100 yens from 64.35. On the global front, the dollar staged a rebound following bullish macro data as the US economy expanded at its fastest pace in nearly 4 years.

Against a basket of other currencies, the dollar index is up at 94.90.  Elsewhere, the euro plunged to an 11-day low - its worst one-day decline in seven weeks after Rome agreed to set a higher than expected budget deficit target that could put it on a collision course with Brussels.

In forward market, premium for dollar fell owing to steady receiving from exporters.

Source: moneycontrol.com

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Exim Help

What is New?

Date: 27-05-2020
Notification No. 9/2020-Customs (ADD)
Seeks to levy definitive anti-dumping duty on imports of 'Electronic Calculators of all types excluding calculators with attached printers, commonly referred to as printing calculators; calculators with ability to plot charts and graphs, commonly referred to as graphing calculators; programmable calculators',originating in, or exported from, People's Republic of China for a period of five years, in pursuance of final findings of sunset review investigations issued by DGTR and in supersession of the notification No. 24/2015- Customs (ADD), dated the 29th May, 2015.

Date: 22-05-2020
Notification No. 47/2020-CUSTOMS (N.T.)
Appointment of CAA in case of in case of M/s Satnam Steels, Rajkot.

Date: 22-05-2020
PUBLIC NOTICE No. 06/2015-2020
Inclusion of Gopalpur Port, Odisha as a Port of Registration under Para 4.37 of Handbook of Procedures, 2015-2020.

Date: 22-05-2020
TRADE NOTICE NO. 12/2020-2021
Issuance of Preferential Certificate of Origin for India’s exports to Thailand and Vietnam under ASEAN-India FTA

Date: 21-05-2020
Notification No. 24/2020 - Customs
Seeks to amend notification No. 56/2000-Customs dated 05.05.2000, No. 57/2000-Customs dated 08.05.2000 and No. 40/2015-Customs dated 21.07.2015 providing for extension of last date of export by six months, for those cases where the last date of export falls between 01.2.2020 and 31.7.2020 due to the outbreak of COVID-19 pandemic.

Date: 21-05-2020
Notification No. 25/2020 - Customs
Inclusion of Gopalpur Port [INGPR1] as notified port for getting benefits under AA/ EPCG schemes and other export incentive schemes like MEIS/SEIS and other such schemes.

Date: 21-05-2020
Notification No.46/2020 - Customs (N.T.)
Exchange Rates Notification No.46/2020-Custom (NT) dated 21.05.2020.

Date: 21-05-2020
Notification No.10/2020-Customs (ADD)
Seeks to amend notification No. 27/2015-Customs (ADD) dated 1st June, 2015 to extend the levy of Anti-Dumping duty on acrylic fibres originating in or exported from Thailand for a further period of 6 months.

Date: 20-05-2020
Instruction No. 06/2020-Customs
Instruction Number 06 - Customs on Requirement of Veterinary Certificate

Date: 19-05-2020
Notification No. 45/2020-CUSTOMS (N.T.)
Tariff Notification in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Silver- Reg.

Exim Guru Copyright © 1999-2020 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.


C/o InfodriveIndia Pvt Ltd
F-19, Pocket F, Okhla Phase-I
Okhla Industrial Area
New Delhi - 110020, India
Phone : 011 - 40703001