Wait...
Search Global Export Import Trade Data
Recent Searches: No Recent Searches

Rupee pares early gains, settles 5 paise lower at 73.36 against US dollar.


Date: 16-10-2020
Subject: Rupee pares early gains, settles 5 paise lower at 73.36 against US dollar
Mumbai: The rupee pared its initial gains and settled 5 paise lower at 73.36 (provisional) against the US dollar on Thursday tracking heavy selling in domestic equities and strengthening American currency. At the interbank forex market, the rupee opened at 73.32 against the greenback, and after witnessing a volatile trading session closed at 73.36, lower by 5 paise from its previous close of 73.31.

During the session, the rupee witnessed an intra-day high of 73.22 and a low of 73.41 against the US dollar.

Forex traders said rising COVID-19 cases and uncertainty over US stimulus affected investor sentiment.

Further, strengthening American currency and heavy selling in domestic equities also weighed on the domestic currency.

Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.34 per cent to 93.69.

On the domestic equity market front, the 30-share BSE benchmark Sensex was trading 866.09 points lower at 39,928.65, and the broader NSE Nifty fell 236 points to 11,735.05.

Foreign institutional investors were net buyers in the capital market as they purchased shares worth Rs 821.86 crore on Wednesday, according to exchange data.

Brent crude futures, the global oil benchmark, fell 1.27 per cent to USD 42.77 per barrel.

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
+




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