Wait...

Online Export Import Data Search

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

Rupee falls 11 paise to 68.82 vs USD on foreign fund outflows.


Date: 18-07-2019
Subject: Rupee falls 11 paise to 68.82 vs USD on foreign fund outflows
The rupee depreciated by 11 paise to close at 68.82 against the US dollar July 17 due to foreign fund outflows and rising crude oil prices. Forex traders said cautious trading in the domestic equity markets also weighed on the local unit. However, weakening of the greenback vis-a-vis other currencies overseas supported the rupee to some extent.

At the interbank foreign exchange (forex) market, the domestic currency opened at 68.69 per dollar, but lost ground during the day and finally settled at 68.82, down 11 paise over its previous close.

The rupee had settled at 68.71 against the US dollar Tuesday.

"The rupee slipped along with other emerging-market currencies amid better than expected US economic data. The foreign fund outflows from the domestic equity market also weighed on the rupee. For the month, they have sold USD 770 million in the equity market," said V K Sharma, Head PCG & Capital Markets Strategy, HDFC Securities.

Brent crude futures, the global oil benchmark, climbed 1.07 per cent to USD 65.04 per barrel.

The dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.08 per cent to 97.31.

Market benchmark BSE Sensex extended its gains for the third consecutive session. The 30-share index settled 84.60 points or 0.22 per cent higher at 39,215.64. The broader NSE Nifty ended 24.90 points or 0.21 per cent up at 11,687.50.

Foreign institutional investors (FIIs) remained net sellers in the capital markets, pulling out Rs 16.97 crore Wednesday, provisional data showed.

Meanwhile, the 10-year government bond yield was at 6.35 per cent Wednesday.

"Indian Sovereign bonds fell after a five-day rally after Jalan Committee recommended transfer of reserve with RBI in tranches to the government," Sharma said.

The Bimal Jalan committee constituted to assess the optimum size of capital reserves that the RBI should hold Wednesday finalised its report.

Regarding the quantum of surplus transfer from the RBI to the government, sources said, it cannot be disclosed at the moment but transfer would be periodic and would spread over 3-5 years.

Meanwhile, Financial Benchmark India Private Ltd (FBIL) set the reference rate for the rupee/dollar at 68.5672 and for rupee/euro at 77.1838. The reference rate for rupee/British pound was fixed at 85.7657 and for rupee/100 Japanese yen at 63.45.

Source: moneycontrol.com

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Both
 Buyers
 Suppliers
 Both
OR
 Exim Help
+


What is New?

Date: 12-01-2021
Notification No. 02/2021 - Central Tax
Seeks to make amendment (2021) to CGST Rules, 2017.

Date: 11-01-2021
Trade Notice No. 37/2020-2021
Electronic Issuance of Preferential Certificate of Origin (CoO) for India’s Exports to UK under Generalised Scheme of Preferences (GSP)

Date: 08-01-2021
Public Notice No. 37/2015-2020-DGFT
Enlistment under Appendix 2E of M/s The All India Plastics Manufacturers’ Association (North Zone), Gurugram, Haryana - Authorized to issue Certificate of Origin (Non-Preferential) – reg.

Date: 07-01-2021
Notification No. 55/2015-2020-DGFT
Amendment in import policy and condition of items classified under Chapter 41 & 43 of ITC (HS), 2017, Schedule – I (Import Policy).

Date: 07-01-2021
Notification No.03/2021 - Customs (N.T.)
Exchange rate Notification No.03/2021-Cus (NT) dated 7.1.2021

Date: 06-01-2021
Notification No. 03/2021-Customs (N.T./CAA/DRI)
Appointment of CAA by Pr. DGRI

Date: 06-01-2021
Notification No. 1/2021 -Customs (ADD)
Seeks to further amend notification No. 2/2016-Customs (ADD) dated 28th Jan, 2016 to extend the levy of Anti-Dumping duty on Melamine originating in or exported from China PR, up to and inclusive of 28th Feb, 2021.

Date: 04-01-2021
Trade Notice No. 36/2020-21
Cyber fraud complaints from Indian Exporters - Trade Advisory reg

Date: 04-01-2021
Notification No. 02/2021-Customs (N.T./CAA/DRI)
Appointment of CAA by Pr. DGRI

Date: 04-01-2021
Notification No. 02/2021-Customs (N.T.)
To rescind the Customs (Advance Rulings) Rules 2002



Exim Guru Copyright © 1999-2021 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.

EximGuru.com

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