Wait...
  1. Home >
  2. Export Import News >
  3. Foreign Exchange >
  4. Rupee gains for 2nd straight session; settles 46 paise up at 69.56 vs USD >
  5. Rupee gains for 2nd straight session; settles 46 paise up at 69.56 vs USD

Online Export Import Data Search

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

Rupee gains for 2nd straight session; settles 46 paise up at 69.56 vs USD.


Date: 01-05-2019
Subject: Rupee gains for 2nd straight session; settles 46 paise up at 69.56 vs USD
The rupee appreciated for the second straight session Tuesday to close higher by 46 paise at 69.56 against the US dollar as crude oil prices retreated from six-month high levels and the greenback weakened against global rivals.

At the interbank foreign exchange market, the domestic unit opened at 69.83 and advanced to a high of 69.52 during the day. It finally settled at 69.56, registering a rise of 46 paise against the dollar over its previous close.

The rupee had rebounded by 23 paise to close at 70.02 against the US dollar Friday. The forex market was closed on Monday due to general elections in Mumbai.

"Rupee gains for the second day amid retracement in crude prices from the six-month highs," V K Sharma, Head PCG & Capital Markets Strategy, HDFC Securities said, adding that the activity remained light on account of holiday-shortened week.

Sharma further said that "going forward, the month of May would remain volatile due to crucial election results scheduled on May 23".

Meanwhile, the Dollar Index which gauges the greenback's strength against a basket of six currencies, slipped 0.30 per cent to 97.56.

Meanwhile, foreign institutional investors (FIIs) remained net buyers in capital markets, putting in Rs 114.59 crore Tuesday, according to provisional exchange data.

Brent crude futures, the global oil benchmark, rose 1.24 per cent to trade at USD 72.93 per barrel. Despite the rise, crude prices have recovered significantly from its 6-month high of 75.60 per barrel.

Benchmark indices Sensex and Nifty Tuesday ended marginally lower after a volatile session, dragged by private sector lender Yes bank which posted a loss of Rs 1,506 crore in the March quarter on higher bad loans provisioning.

The BSE Sensex closed with 0.09 per cent or 35.78 points loss at 39,031.55, while the NSE Nifty ended 0.06 per cent or 6.50 points lower at 11,748.15.

Meanwhile, Financial Benchmark India Private Ltd (FBIL) set the reference rate for the rupee/dollar at 69.8368 and for rupee/euro at 78.0771. The reference rate for rupee/British pound was fixed at 90.3348 and for rupee/100 Japanese yen at 62.68.

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: 24-01-2020
Notification No. 01/2020-Customs (ADD)
seeks to amend notification No. 40/2017-Customs(ADD) dated 25-08-2017, to revise anti-dumping duty on imports of "Sodium Nitrite" originating in or exported from China PR, in pursuance of final findings of sunset review investigations issued by DGTR vide notification No. 15/06/2016-DGTR dated the 8th November 2019..

Date: 23-01-2020
A.P. (DIR Series) Circular No.20
Merchanting Trade Transactions (MTT) – Revised Guidelines

Date: 23-01-2020
A.P. (DIR Series) Circular No.19
‘Voluntary Retention Route’ (VRR) for Foreign Portfolio Investors (FPIs) investment in debt – relaxations

Date: 23-01-2020
A.P. (DIR Series) Circular No.18
Investment by Foreign Portfolio Investors (FPI) in Debt

Date: 21-01-2020
Circular No. 4/2020 – Customs
Clarification relating to import of gifts - Reg

Date: 20-01-2020
A.P. (DIR Series) Circular No.17
Introduction of Rupee derivatives at International Financial Services Centres (IFSC)

Date: 17-01-2020
TRADE NOTICE NO. 46/2019-20
Mis-classification goods under 'Others' category at the time of Import- reg.

Date: 16-01-2020
Notification No.05/2020 - Customs (N.T.)
Exchange Rates Notification No.05/2020-Custom (NT) dated 16.01.2020.

Date: 15-01-2020
Notification No. 03/2020- Customs (N.T.)
Notification of Ghasuapara LCS for imports also by amendment of Notification No. 63/1994-Customs dated 21st November 1994

Date: 15-01-2020
Notification No. 04/2020-CUSTOMS (N.T.)
Tariff Notification in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seed, Areca nut, Gold & 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.

EximGuru.com

C/o Infodrive India
E-2, 3rd Floor, Kalkaji Main Road
New Delhi - 110019, India
Phone : 011 - 40703001