Wait...

Online Export Import Data Search

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

Rupee goes up 19 paise to 69.11 against dollar.


Date: 11-04-2019
Subject: Rupee goes up 19 paise to 69.11 against dollar
NEW DELHI: Rising for the second straight session, the rupee advanced 19 paise on Wednesday to close at 69.11 against the dollarNSE 0.16 % on strong foreign funds inflows amid the greenback's weakness against key rivals overseas. 

At the Interbank Foreign Exchange, the domestic unit opened at 69.26 and advanced to a high of 69.09. It settled at 69.11, showing a gain of 19 paise over its previous close. 

The rupee had strengthened by 37 paise on Tuesday to close at 69.30 against the US dollar. 

Dollar Industries Lt...0.70 (0.25%)

Forex dealers said selling of the American currency by exporters supported the rupee. Moreover, IMF's bullish growth outlook for the Indian economy added strength to the local currency. 

According to the International Monetary Fund (IMF), India is projected to grow at 7.3 per cent in 2019 and 7.5 per cent in 2020, supported by the continued recovery of investment and robust consumption, thus remaining the fastest growing major economy of the world. 

"Rupee bulls are having upper hand over American dollar amid expectation of inflows through Vodafone-Idea rights issue (USD 4 billion), Baring's investment in NIIT (USD 400 million) and Essar Steel acquisition (USD 7 billion)," said V K Sharma, Head PCG and Capital Markets Strategy, HDFC Securities. 

Meanwhile, brent crude, the global oil benchmark, was trading at $70.92 per barrel, higher by 0.44 per cent. 

The dollar index, which gauges the greenback's strength against a basket of six currencies, slipped 0.07 per cent to 96.93. 

Foreign investors remained net buyers in the capital markets, putting in Rs 1,429.92 crore Wednesday, provisional exchange data showed. 

Market benchmark BSE Sensex, however, lost 353.87 points, or 0.91 per cent, to close at 38,585.35, while the broader NSE Nifty dropped 87.65 points, or 0.75 per cent, to 11,584.30. 

The Financial Benchmark India Private Ltd (FBIL) set the reference rate for the rupee/dollar at 69.1482 and for rupee/euro at 77.9120. The reference rate for rupee/British pound was fixed at 90.3799 and for rupee/100 Japanese yen at 62.21. 

Source: economictimes.indiatimes.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