Wait...

Online Export Import Data Search

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

Rupee trades lower at 74.44 per dollar.


Date: 12-11-2020
Subject: Rupee trades lower at 74.44 per dollar
Indian rupee is trading lower at 74.44 per dollar, amid selling seen in the domestic equity market.

It opened lower at 74.44 per dollar against previous close of 74.37.

At 11:27 IST, the Sensex was down 292.75 points or 0.67% at 43300.92, and the Nifty was down 73 points or 0.57% at 12676.20.

"USD INR well bid both onshore and offshore due to constant buying by PSB on behalf of RBI. Yesterday oil companies also joined the Bandwagon to keep USDINR higher despite most Asian currencies having appreciated," said Anil Kumar Bhansali - Head of Treasury, Finrex Treasury Advisors.

"It seems RBI and Central Government just want rupee to be in depreciation mode to ensure export competitiveness, though a weaker Rupee has never helped exports. Opening should be around 74.35 and range 74.20/60 for the day," he added.

Oil prices rose in early trade on Thursday, taking the week's gains to more than 12% on growing hopes that the world's major producers will hold off on a planned supply increase as soaring cases of COVID-19 dent fuel demand.

Despite positive domestic equities, the rupee depreciated marginally on the back of bounce in the Dollar index, which had moved from two month’s lows to 93.50. We believe the rupee may continue its consolidation for some more time before finding fresh direction, said ICICIdirect.

The dollar-rupee November contract on the NSE was at 74.47 in the last session. The open interest remained largely unchanged for the November series contract, it added.

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: 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