Wait...
  1. Home >
  2. Export Import News >
  3. Foreign Exchange >
  4. Rupee inches up 3 paise to 70.91 versus USD >
  5. Rupee inches up 3 paise to 70.91 versus USD

Online Export Import Data Search

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

Rupee inches up 3 paise to 70.91 versus USD.


Date: 24-10-2019
Subject: Rupee inches up 3 paise to 70.91 versus USD
The Indian rupee rose 3 paise to close at 70.91 against the US dollar on Wednesday amid lack of triggers and geopolitical uncertainties. Easing crude oil prices propped up the local unit, though fresh capital outflows capped the gains, forex traders said.

Trading in emerging market currencies was subdued after British Prime Minister Boris Johnson lost the crucial Brexit Bill timetable vote.

Besides, markets are also awaiting fresh cues on the potential US-China trade deal, they added.

At the interbank foreign exchange, the rupee opened lower at 71.01 then fell to 71.03 against the greenback. The domestic unit finally settled for the day at 70.91, higher by just 3 paise over its last close.

"Due to mixed global cues, investors are seen on sidelines. Lack of fresh triggers is causing rupee to trade in a range 70.80-71.05 in the last couple of days," said Rahul Gupta, Head of Currency, Emkay Global Financial Services.

Unless we do not get clarity over the global geopolitical issues like US-China trade deal or Brexit, we will not see much participation in the market, he added.

According to Gaurang Somaiyaa, Forex and Bullion Analyst, Motilal Oswal Financial Services, "rupee failed to move out of the range of 70.70 and 71.30 (spot) following lack of cues on the domestic front. In the next couple of sessions, rupee is expected to take cues more from the global factors than domestic factors and primarily from fresh updates on the Brexit front."

Brent crude futures, the global oil benchmark, fell 0.77 per cent to USD 59.24 per barrel.

Foreign institutional investors (FIIs) remained net sellers in the capital markets, pulling out Rs 213.23 crore on Wednesday, as per provisional data.

The dollar index, which gauges the greenback's strength against a basket of six currencies, rose by 0.03 per cent to 97.55.

The 10-year government bond yield was at 6.51 per cent.

On the domestic markets front, equity indices found firmer ground on Wednesday, led by IT, finance and auto stocks.

After swinging over 330 points in a choppy session, the 30-share BSE Sensex ended 94.99 points, or 0.24 per cent, higher at 39,058.83. The broader NSE Nifty too advanced 15.75 points, or 0.14 per cent, to settle at 11,604.10.
 
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: 01-06-2020
Notification No. 08/2015-2020-DGFT
Amendment in Export Policy of Alcohol based Hand Sanitizers

Date: 01-06-2020
Public Notice No. 07/2015-2020
Amendments in the Appendix 3B, Table 2 of the Merchandise Exports from India Scheme (MEIS)

Date: 01-06-2020
Public Notice No. 09/2015-2020
Amendments in the Appendix 3B, Table 2 of the Merchandise Exports from India Scheme (MEIS)

Date: 01-06-2020
Trade Notice No. 13/2020-21-DGFT
Implementation of MoU between India and Mozambique for import of pigeon peas and other pulses grown in Mozambique during 2020-21

Date: 01-06-2020
Instruction No. 08/2020-Customs
24x7 Customs Clearance at all the Customs Stations - reg

Date: 29-05-2020
Circular No. 26/2020-Customs
Review of Circular No. 17/2020 dated 03.04.2020 namely, 'Measures to facilitate trade during the lockdown period- section 143 AA of the Customs Act, 1962'

Date: 29-05-2020
Notification No. 48/2020-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.

Date: 28-05-2020
Notification No. 07/2015-2020
Amendment in Export Policy of Paracetamol API

Date: 28-05-2020
Instruction No. 7/2020- Customs
Special drive for disposal of applications for fixation of Brand Rate of Duty Drawback.

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.



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