INSUBCONTINENT EXCLUSIVE:
US dollar amid rise in demand for greenback from exporters and unabated foreign fund outflows
This is second successive session of fall for domestic currency, during which it has lost 25 paise
Forex traders said foreign fund outflows and a stronger dollar impacted trading pattern for local unit
At Interbank Foreign Exchange (forex) market, rupee opened lower at 71.38 and fell further to touch day's low of 71.53.It, however, pared
some losses and finally ended at 71.28 per dollar, down by 9 paise against its previous close
India Governor Shaktikanta Das flagged concerns about sticky core inflation
Higher oil prices and worries about a wider fiscal deficit also weighed on sentiment," said VK Sharma, head PCG and Capital Markets
foreign portfolio investors (FPIs) sold shares worth Rs 299.79 crore Monday, while domestic institutional investors (DIIs) were net buyers
straight session Monday, rallying 192 points, while NSE Nifty inched towards 11,000 mark, riding on stronger-than-expected Q3 earnings by
reference rate for rupee/dollar at 71.3782 and for rupee/euro at 81.2308
