Wait...
  1. Home >
  2. Export Import News >
  3. Foreign Exchange >
  4. Rupee edges 6 paise higher against USD ahead of election outcome

Online Export Import Data Search

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

Rupee edges 6 paise higher against USD ahead of election outcome


Date: 23-05-2019
Subject: Rupee edges 6 paise higher against USD ahead of election outcome
Mumbai, May 22 () The Indian rupee Wednesday saw a marginal 6 paise rise at 69.66 against the US dollar in line with uptrend in equities and easing crude prices, a day ahead of Lok Sabha polls outcome. 

However, foreign fund outflows dampened the sentiment of forex traders, the dealers said.  

At the interbank foreign exchange, the domestic unit opened higher at 69.70 and further went to touch the day's high of 69.62. 

The local currency, however, pared gains to finally settle at 69.66, registering a rise of 6 paise over its previous close. On Tuesday, the domestic unit had closed 2 paise higher at 69.72. 

Meanwhile, government bonds rose, leading to 0.60 per cent drop in yield to 7.26 per cent. 

The US currency was trading weak in overseas market as the dollar index fell 0.07 per cent to 97.99 against its six global rivals. 

On domestic bourses, the Sensex ended 140.41 points, or 0.36 per cent, higher at 39,110.21, and the broader NSE Nifty rose 28.80 points, or 0.25 per cent, to 11,737.90. 

Foreign institutional investors (FIIs) emerged as net sellers in the capital markets, pulling out Rs 965.02 crore on Wednesday, provisional exchange data showed. 

Brent crude, the global benchmark, fell 0.46 per cent to trade at 71.85 per barrel. 

Meanwhile, the Financial Benchmark India Private Ltd (FBIL) set the reference rate for the rupee/dollar at 69.7291 and for rupee/euro at 77.7242. The reference rate for rupee/British pound was fixed at 88.6220 and for rupee/100 Japanese yen at 63.28.

Source: timesofindia.indiatimes.com

Infodrive India Pvt Ltd

Delhi :
  E-2, 3rd Floor Kalkaji Main Road
      New Delhi 110019
   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 © 1996-2019 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
 Both
 Buyers
 Suppliers
 Both
OR
 Exim Help
+