Convert Currency easly
You can switch off notifications anytime using browser settings.
Trade Setup: Falling VIX, negative market breadth big short-term concerns for Nifty
Rs 15 lakh crore wealth created in 40 sessions on D-Street; look who fuelled the rally
India INX launches Global Access with connectivity to CME group exchanges
Dollar To Inr Today Graph , rises 6 paise to 70.10
No paper or powerpoint! Here's how Paytm pitched to Buffett's Berkshire
Slippages to moderate, 18 PSU banks may remain in the red: Icra
Widening CAD to increase borrowing costs, dull Fx borrowings
Rupee slides to 1-week low against US dollar, down 11 paise
Select Portfolio and Asset Combination for Display on Market Band
Rupee slides to 1-week low against US dollar, Rupee slides to 1-week low against US dollar Dollar To Inr Today Graph
Steady capital outflows and a modest rise in crude prices also added some pressure on local currency.
Mumbai, Jun 26 (PTI) The rupee lost further ground to end at a fresh one-week low of 68.24, depreciating by 11 paise against the US currency on increased dollar demand amid global policy uncertainties.
The ongoing trade turmoil between the world's two largest economies, the US and China, continued to roil forex market sentiment.
A marked increase in month-end dollar demand from corporates and importers along with sluggish domestic equities predominantly weighed on the trading front.
Steady capital outflows and a modest rise in crude prices also added some pressure on local currency.
Crude prices strengthened after Canadian production losses and uncertainty over Libyan exports, but rising
supply and intensifying trade conflicts between the US and other major economies largely weighed on trade.
futures were trading up at USD 75.15 a barrel in early Asian trade.
(forex) market, the Indian unit resumed virtually flat at 68.13, but quickly gained ground to hit a high of 68.07 briefly due to bouts of dollar selling.
The mid-morning recovery was shortlived as rupee succumbed to fresh selling pressure and retreated sharply to touch a session low of 68.26 before ending at 68.24, showing a loss of 11 paise, or 0.16 per cent.
Foreign investors pulled out Rs 538.40 crore from equity markets today, provisional exchange data showed.
Yesterday, the home currency had lost a whopping 29 paise against the US dollar, halting its three-day run.
The dollar index, which measures the greenback's value against a basket of six major currencies, was up at 94.15.
In the cross currency trade, the rupee regained some lost ground against the pound
to settle at 90.38 per pound from previous level of 90.41.
The local unit, however, drifted further against the euro to settle at 79.66 as compared to 79.58 and also dropped against the
to finish at 62.23 per 100 yens from 62.16 on Monday.
In forward market today, premium for dollar edged lower due to heavy receiving from exporters.
The benchmark six-month forward premium payable in October moved down to 98-100 paise from 99.75-101.75 paise and the far-forward April 2019 contract fell to 244.75-246.75 paise from 247-249 paise previously.
Commenting feature is disabled in your country/region.
The most exciting tech you own is in your driveway.
1-year-old struggles for every breath and needs urgent help!
Modi may finally have some good news coming his way
Axis job imminent? Amitabh Chaudhry sells shares worth Rs 55 crore in HDFC Life
Tata Sons buys beaten down Tata Motors in a show of support
25 stocks that drive India’s largest DII portfolio of Rs 6.50 lakh crore
Stocks that turned Rs 1 lakh into over Rs 10 lakh in just three years
How the Rs 11,000 crore Niravgate will affect Indian diamantaires
0 Reviews:
Post Your Review