INSUBCONTINENT EXCLUSIVE:
rupee strengthened by 15 paise to close at 69.22 against the US dollar on Friday, bolstered by easing crude oil prices
However, fresh foreign fund outflows and subdued sentiment at the domestic equity markets capped the gains, forex traders said
At the interbank foreign exchange market, the domestic unit opened flat at 69.38 and advanced to a high of 69.20 during the day
It finally settled at 69.22, showing a rise of 15 paise over its previous close.During the week, the rupee climbed 80 paise
This is the second consecutive week of gain for the domestic currency."The Indian rupee has appreciated more than a per cent in the last
weekIndian rupee is the best performing emerging market currency in last five days," said Sunil Sharma, chief investment officer, Sanctum
Wealth Management.Brent crude futures, the global oil benchmark, fell 0.27 per cent to $70.56 per barrel.Meanwhile, foreign institutional
investors (FIIs) pulled out Rs 400.68 crore on a net basis Friday, provisional data showed
The dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.16 per cent to 97.99.Market benchmarks
surrendered early gains to end with modest losses on Friday
After trading on a positive note through the day, the BSE Sensex ended 18.17 points, or 0.05 per cent, lower at 38,963.26
In similar movement, the broader NSE Nifty slipped 12.50 points, or 0.11 per cent, to close at 11,712.25.Meanwhile, the Financial Benchmark
India Private Ltd (FBIL) set the reference rate for the rupee/dollar at 69.2679 and for rupee/euro at 77.3390
The reference rate for rupee/British pound was fixed at 90.2404 and for rupee/100 Japanese yen at 62.13.Get the latest election news, live
updates and election schedule for Lok Sabha Elections 2019 on TheIndianSubcontinent.com/elections
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