Wait...

Online Export Import Data Search

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

Rupee rises for 5th day, firms up 8 paise to 70.86 against dollar.


Date: 14-01-2020
Subject: Rupee rises for 5th day, firms up 8 paise to 70.86 against dollar
MUMBAI: The rupee rose 8 paise to close at 70.86 against the US dollar on Monday as the upcoming US-China trade deal signing kept global market sentiment upbeat.

This was the fifth straight session of gains for the domestic currency, during which it has appreciated by 106 paise.

At the interbank foreign exchange market, the local unit opened on a strong note at 70.82, and shuttled between a high of 70.75 and a low of 70.93 during the day. It finally ended at 70.86, higher by 8 paise over its previous close.

The rupee had settled at 70.94 against the US dollar on Friday.

Emerging market currencies appreciated as investors looked forward to the signing of the first phase of the much-anticipated US-China trade deal later this week.

The phase one of the trade deal with China includes the country buying $200 billion worth of additional American products, US Treasury Secretary Steven Mnuchin said on Sunday.

A positive trend at the domestic equity markets and easing crude oil prices further supported the local unit, forex traders said.

"Rupee continued to trend higher against the US dollar following extended gains in domestic equities and on back of de-escalation of geopolitical tension between US and Iran," said Gaurang Somaiyaa, forex & bullion analyst, Motilal Oswal Financial Services.

Somaiyaa further noted that market participants will be keeping an eye on the inflation number and an uptick could keep gains capped for the currency.

The dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.13 per cent to 97.48.

Foreign institutional investors (FIIs) remained net buyers in the capital markets, purchasing shares worth Rs 68.24 crore on Monday, according to provisional exchange data.

Brent crude futures, the global oil benchmark, fell 0.18 per cent to trade at $64.86 per barrel.

The 10-year government bond yield was at 6.60 per cent on Monday.

On the domestic market front, the 30-share BSE sensex settled at a new closing peak of 41,859.69, up 259.97 points, or 0.62 per cent. The broader NSE Nifty closed 72.75 points, or 0.59 per cent, higher at 12,329.55 -- its new closing record.

The Financial Benchmark India Private Ltd (FBIL) set the reference rate for the rupee/dollar at 71.1136 and for rupee/euro at 79.0020. The reference rate for rupee/British pound was fixed at 93.0583 and for rupee/100 Japanese yen at 64.90.

Source: timesofindia.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: 24-10-2020



Date: 21-10-2020
Notification No. 38/2020-Customs
Notification regarding exemption of duties of Customs against scrips issued under the RoSL scheme for apparel and made-ups sectors.

Date: 21-10-2020
Notification No. 07/2020 – Central Excise
Notification regarding exemption of duties of Central Excise against scrips issued under the RoSL scheme for apparel and made-ups sectors

Date: 20-10-2020
Notification No. 37/2020-Customs
Seeks to further amend notification no. 152/2009 dated 31.12.2009, regarding the rate of duty of customs on imports of "Polybutadiene Rubber" originating in Korea RP and imported under the India-Korea Comprehensive Economic Partnership Agreement.

Date: 15-10-2020
Notification No. 99/2020 - Customs (N.T.)
Exchange rate Notification No.99/2020-Cus (NT) dated 15.10.2020- regd.

Date: 13-10-2020
Trade Notice No. 30/2020-2021-DGFT
Electronic filing and Issuance of Preferential Certificate of Origin (CoO) for India’s Exports under GSP, GSTP, India-Malaysia CECA, India-Singapore CECA w.e.f. 15th October 2020

Date: 09-10-2020
Notification No. 39/2015-2020
Amendment in Export Policy of Onions

Date: 08-10-2020
Circular No. 44/2020-Customs
Procedure for inspection of ICDs/CFSs/AFSs -reg

Date: 08-10-2020
Notification No. 49/2020-Customs (N.T./CAA/DRI)
Appointment of CAA by Pr. DGRI

Date: 07-10-2020
Public Notice No.24 /2015-20
Revision of SION H-68, H-301 & H-302 of Export Products- Double Decorative/Single side Laminates with or without Barrier Paper



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