106th Day Of Lockdown

Maharashtra2171211185589250 Tamil Nadu118594711161636 Delhi102831742173165 Gujarat37636267441978 Uttar Pradesh2996819627313 Telangana2761216287313 Karnataka2681511100417 West Bengal2383715790804 Rajasthan2140416575472 Andhra Pradesh211979745252 Haryana1799913645279 Madhya Pradesh1562711768622 Bihar12525933898 Assam12523833016 Odisha10097670354 Jammu and Kashmir89315399143 Punjab67494554175 Kerala5895345228 Chhatisgarh3415272814 Uttarakhand3230262143 Jharkhand3018210422 Goa190311568 Tripura171612481 Manipur14307710 Himachal Pradesh107876410 Puducherry104351714 Nagaland6443030 Chandigarh4924017 Arunachal Pradesh270922 Mizoram1971390 Sikkim125650 Meghalaya94432
Business Economy 15 Apr 2019 Rupee drops 25 paise ...

Rupee drops 25 paise to close at 69.42 vs USD

PTI
Published Apr 15, 2019, 6:01 pm IST
Updated Apr 15, 2019, 6:01 pm IST
At the Interbank Foreign Exchange, rupee opened at 69.07 a dollar and fell further to touch the day's low of 69.46.
"Rupee continues to consolidate in a holiday-truncated week," said V K Sharma, Head PCG & Capital Markets Strategy, HDFC Securities.
 "Rupee continues to consolidate in a holiday-truncated week," said V K Sharma, Head PCG & Capital Markets Strategy, HDFC Securities.

Mumbai: The rupee on Monday declined by 25 paise to close at 69.42 against the US dollar as forex traders turned cautious in a holiday-truncated week.

At the Interbank Foreign Exchange (forex), the domestic currency opened at 69.07 a dollar and fell further to touch the day's low of 69.46. It finally settled at 69.42 per dollar, down 25 paise over its previous close.

 

The rupee on Friday had closed 25 paise lower at 69.17 to the US dollar.

"Rupee continues to consolidate in a holiday-truncated week," said V K Sharma, Head PCG & Capital Markets Strategy, HDFC Securities.

Forex and equity markets will remain shut on Wednesday on account of "Mahavir Jayanti" while most of the major financial markets are closed on Friday for the start of the Easter holidays.

Forex traders said easing crude oil prices in the overseas market, sustained foreign fund inflows and heavy buying in the domestic equity market restricted the fall in the local unit.

Foreign institutional investors (FIIs) remained net buyers in the capital markets, putting in Rs 713 crore Monday, according to the provisional data.

The dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.14 per cent to 96.83.

Meanwhile, Brent crude futures, the global oil benchmark, fell 0.84 per cent to trade at USD 70.95 per barrel.

Equity benchmark Sensex added another 139 points on Monday, marking third straight session of gains, as encouraging start of the earnings season by IT major TCS boosted investors' sentiment.

The Financial Benchmark India Private Ltd (FBIL) set the reference rate for the rupee/dollar at 69.2293 and for rupee/euro at 78.3002. The reference rate for rupee/British pound was fixed at 90.6193 and for rupee/100 Japanese yen at 61.84.

...




ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT