Wait...
  1. Home >
  2. Export Import News >
  3. Foreign Exchange >
  4. Rupee opens flat at 71.75 against dollar >
  5. Rupee opens flat at 71.75 against dollar

Online Export Import Data Search

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

Rupee opens flat at 71.75 against dollar.


Date: 22-11-2019
Subject: Rupee opens flat at 71.75 against dollar
The rupee on Friday opened almost flat 71.75 against the US dollar NSE 0.07 %. The local currency on Thursday settled 5 paise higher at 71.76 against the greenback on robust foreign fund inflows.

Rupee consolidated for the whole week in a narrow range of 71.70 and 72.20 despite volatility in domestic and global equities. Weaker-than-expected IIP and inflation released at the start of the week did disturb the broader sentiment but at the same time broader weakness in the dollar kept the losses capped for the currency.

On the domestic front, market participants will be shifting focus on the Q2 GDP number that will be released next week. Weaker-than-expected growth number could keep the rupee under pressure.

"Today, USDINR pair is expected to quote in the range of 71.70 and 72.20,” Motilal Oswal Financial Services NSE 0.34 % said in a report

Dollar gained after remaining under pressure in the last few sessions after Philly Fed manufacturing Index in November rose to 10.4 compared to 5.6 in the previous month. On the other hand, Euro was weighed down ECB meeting minutes showed that Mario Draghi signed off with a call for unity on its main aim of boosting inflation, even as some policymakers pleaded for a “wait and see” approach.

Today, from the Euro zone, preliminary manufacturing and services PMI number will be released and better-than-expected number could keep the currency supported at lower levels.

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: 25-08-2020



Date: 09-07-2020
Notification No. 18/2020-Customs (ADD)
Seeks to extend anti-dumping duty on import of Phenol originating in or exported from South Africa, imposed vide Notification No. 32/2015-Customs(ADD) dated 10.07.2015, up to and inclusive of 9th January, 2021.

Date: 08-07-2020
Notification No. 17/2020-Customs (ADD)
Seeks to levy definitive anti-dumping duty on imports of ' Steel and Fibre Glass Measuring tapes and their parts and components ',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

Date: 06-07-2020
Notification No. 29/2020-Customs
Seeks to further amend notification no. 152/2009 dated 31.12.2009, to increase the rate of duty of customs on imports of Phthalic Anhydride originating in Korea RP and imported under the India-Korea Comprehensive Economic Partnership Agreement, on recommendation of preliminary findings of Directorate General of Trade Remedies under India-Korea Comprehensive Economic Partnership Agreement (Bilateral Safeguard Measures) Rules, 2017.

Date: 02-07-2020
Notification No. 55/2020 - Customs (N.T.)
Exchange Rates Notification No.55/2020-Custom (NT) dated 02.07.2020.

Date: 01-07-2020
Notification No. 58/2020 – Central Tax
Seeks to make eighth amendment (2020) to CGST Rules

Date: 30-06-2020
Notification No. 54/2020-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: 30-06-2020
Circular No.31/2020-Customs
Extension of validity of AEO certification for ease of renewal process (Modification in Circular No. 27/2020 dated 02.06.2020) [Circular No. 31/2020 - Customs dated 30.06.2020].

Date: 30-06-2020
Notification No. 57/2020 – Central Tax
Seeks to amend notification no. 52/2020-Central Tax in order to provide conditional waiver of lat fees for the period from July, 2017 to July, 2020.

Date: 30-06-2020
PUBLIC NOTICE No. 11/2015-2020
Extension of validity of Recognition of Pre-shipment Inspection Agencies (PSIAs



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