INSUBCONTINENT EXCLUSIVE:
71.11 against the US dollar on Wednesday amid easing oil prices and a firm greenback
A positive trend in the global equity markets, which rose on optimism surrounding the ongoing US-China trade talks, also supported the
At the Interbank Foreign Exchange (forex) market, the domestic unit opened strong at 71.29 but surrendered the gains to slip to a low of
However, it clawed back lost ground and finally ended at 71.11, up 23 paise.The rupee had closed at 71.34 versus the greenback on Monday
total dividend payout by the central bank to the government in FY19 stands at Rs 68,000 crore, said VK Sharma, head PCG and capital markets
strategy, HDFC Securities."Lower fiscal deficit would provide floor to the Indian currency," he added.Meanwhile, foreign institutional
investors (FIIs) pumped in Rs 713.47 crore on a net basis in capital markets on Wednesday
greenback's strength against a basket of six currencies, inched up 0.04 per cent to 96.56.Reversing a nine-session falling streak, the BSE
Sensex rebounded 404 points or 1.14 per cent on Wednesday as investors snapped up recently hammered stocks amid optimism in global markets
over the US-China trade talks
Ltd (FBIL) set the reference rate for the rupee/dollar at 71.1773 and for rupee/euro at 80.7075
The reference rate for rupee/British pound was fixed at 92.9272 and for rupee/100 Japanese yen at 64.21.
