Online Export Import Data Search

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

Indian rupee settles nearly flat at 74.93 against US dollar

Date: 07-08-2020
Subject: Indian rupee settles nearly flat at 74.93 against US dollar
The rupee ended almost flat at 74.93 (provisional) against the US dollar on Friday due to a caution prevailing in the forex market in view of mounting coronavirus cases and US-China trade tensions.

Starting off on a tepid note, the rupee fell to a low of 75.04, but recovered slightly thereafter and moved in a narrow band throughout the session. It finally settled at 74.93, gaining 1 paisa over its previous close.

On Thursday too, the rupee had closed steady after the Reserve Bank maintained a status quo in its policy rates.

Meanwhile, the US dollar index, which gauges the value of the greenback against a basket of key global currencies, rose 0.32 percent to 93.08.

Analysts said forex market sentiment was mainly guided by growing US-China trade tensions and mounting coronavirus cases in the country.

The number of COVID-19 cases in India has crossed 20 lakh-mark and the death toll climbed past 41,000, official data showed.

In fresh concerns for global trade outlook, the US is considering a proposal to crackdown on Chinese companies that are listed on American bourses and do not follow US audit requirements, according to a report.

Foreign investors infused Rs 637.43 crore on a net basis into Indian equities on Thursday, exchange data showed.

Global crude oil benchmark Brent was trading lower by 0.42 percent at USD 44.90 a barrel.

On the domestic equities front, the BSE Sensex was down 41.56 points or 0.11 percent at 37,983.89; while the NSE Nifty traded 2.95 points or 0.26 percent lower at 11,197.20.

Source:- moneycontrol.com

Infodrive India Pvt Ltd

Delhi :
  F-19, Pocket F, Okhla Phase-I
      Okhla Industrial Area

      New Delhi- 110020
   011 - 40703001

Kolkata :
  5th Floor Stesalit Towers,
      E-2-3, EP & GP Block,

      Sector-V, Salt Lake City,
      Kolkata-700 091
   033 - 71177191

INFODRIVE INDIA Copyright © 1996-2020 InfodriveIndia. All Rights Reserved.
Please read our Terms of Use and Privacy Policy before you use.

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Exim Help