Wait...
  1. Home >
  2. Export Import News >
  3. Foreign Exchange >
  4. Rupee gains 15 paise to 68.51 against dollar >
  5. Rupee gains 15 paise to 68.51 against dollar

Online Export Import Data Search

Complete Training Video : Click Here

Rupee gains 15 paise to 68.51 against dollar.


Date: 10-07-2019
Subject: Rupee gains 15 paise to 68.51 against dollar
The rupee July 9 recovered by 15 paise to close at 68.51 against the greenback on fag-end selling of the US currency by banks and importers in line with late recovery in domestic equities. Strengthening crude oil prices and a stronger greenback in global markets, however, kept the rupee rise in check.

Investors were also looking for direction before the crucial testimony of US Federal Reserve head Jerome Powell, which could provide clues on its interest rate cut decision. The strong jobs data dented hopes of a rate cut by the Federal Reserve this month, hitting emerging market currencies.

The dollar index, which gauges the greenback's strength against six major rivals, was up 0.17 per cent to 97.55.

The rupee resumed almost flat at 68.65 per dollar as against the last closing level of 68.66 at the Interbank Foreign Exchange market and moved down further to hit day's low of 68.84 on initial dollar demand from banks and importers.

It moved in a range of 68.84 and 68.51 per dollar during the day.

However, late selling of dollars by banks helped the rupee recoup its losses to close higher at 68.51 against the US currency, showing a rise of 15 paise over its previous close.

The domestic currency on Monday fell 24 paise to close at 68.66 against the dollar.

After swinging 378 points during the day, the BSE Sensex settled 10.25 points or 0.03 per cent higher at 38,730.82. The broader NSE Nifty, on the other hand, ended 2.70 points, or 0.02 per cent, lower at 11,555.90 in its third straight day of losses.

Meanwhile, Brent crude futures, the global oil benchmark, rose 0.61 per cent to trade at USD 64.50 per barrel.

Foreign institutional investors (FIIs) remained net sellers in the capital markets, pulling out Rs 401.99 crore Monday, while domestic institutional investors bought shares worth Rs 321.13 crore, as per provisional data.

The 10-year government bond yield was at 6.59 Tuesday.

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: 16-07-2019
Notification No:10
Amendment in appointing a new Statistics Office under Collection of Statistics Act 2008

Date: 16-07-2019
Circular No 19/2019-Customs
Implementation of PGA eSanchit- Paperless Porcessing under SWIFT- Uploading of Licenses/ Permits/ Ceritificates/ Other Authorizations (LPCOs) by PGAS - reg.

Date: 15-07-2019
Notification No. 51/2019-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

Date: 12-07-2019
ECA Circular No. 26/2015-20
Action for recovery of Penalty, Pending Appeals/Reviews

Date: 12-07-2019
Notification No. 50/2019- Customs (N.T.)
Amendment to the Notification No. 63/1994-Customs (N.T) dated 21st November, 1994, by notifying the pipeline of M/s Indian Oil Corporation Limited connecting Barauni, Patna, Motihari, Nonea in India to Amlekhgunj in Nepal as additional route for Raxaul LCS

Date: 12-07-2019
No. 27/2019-Customs (ADD)
Seeks to extend levy of anti-dumping duty till 27.10.2019, on imports of " Paracetamol" originating in or exported from china PR, extended vide notification No. 39/2018 Customs (ADD), dated the 20th August, 2018, in pursuance of order of Hon'ble High Court of Gujarat in the matter of SCA 5278/2019.

Date: 11-07-2019
A.P. (DIR Series) Circular No.2
Exim Bank's Government of India supported Line of Credit of USD 24.50 million to the Government of the Republic of Senegal

Date: 11-07-2019
A.P. (DIR Series) Circular No.1
Exim Bank's Government of India supported Line of Credit of USD 100 million to the Government of Independent State of Papua New Guinea

Date: 09-07-2019
Trade Notice No. 25/2019-20
Import of 4 lakh MT of feed grade Maize (dent corn) under TRQ allowed

Date: 09-07-2019
Notification No. 49/2019-CUSTOMS (N.T.)
Tariff Notification in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Sliver - Reg



Exim Guru Copyright © 1999-2019 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 Infodrive India
E-2, 3rd Floor, Kalkaji Main Road
New Delhi - 110019, India
Phone : 011 - 40703001