INSUBCONTINENT EXCLUSIVE:
US dollar as easing crude prices and a weak dollar ahead of the US central bank's meeting helped the currency snap its three-day losing
Forex dealers said the selling of the American currency by exporters and gain in other Asian currencies also supported the rupee
The dollar fell against its major rivals before the US Federal Reserve's meeting amid expectations that the central bank may signal a rate
The dollar index dropped 0.1 per cent to 97.43 on Tuesday.Brent crude futures, the global oil benchmark, eased 0.46 per cent to $60.66 per
At the interbank foreign exchange market, the rupee opened at 69.82 per dollar and advanced to a high of 69.63 during the day
It finally settled at 69.70, up 21 paise over its last close."Rupee has broken the three-day losing streak by appreciating 21 paise against
the US dollar taking a cue from other strong Asian currencies
The weak trend of Brent crude prices has also augured well for domestic currency," said VK Sharma, head-PCG - Capital Market Strategy, HDFC
Securities."Market participants are waiting for the monetary policy of Federal Open Market Committee (FOMC), Bank of England and Bank of
Japan, scheduled this week
The reaction of FOMC meeting outcome would be seen in the Indian currency market on Thursday," he added.Meanwhile, the 10-year government
bond yield was at 6.82 per cent on Tuesday.Foreign institutional investors (FIIs) remained net sellers in the capital markets, pulling out
Rs 528.91 crore equities and debt securities Monday, provisional data showed.BSE benchmark index Sensex on Tuesday snapped a four-day losing
The BSE gauge swung nearly 300 points before settling 85.55 points, or 0.22 per cent, higher at 39,046.34
The broader NSE Nifty closed 19.35 points, or 0.17 per cent, higher to close at 11,691.50.Meanwhile, Financial Benchmark India Private Ltd
(FBIL) set the reference rate for the rupee/dollar at 69.8362 and for rupee/euro at 78.2729
The reference rate for rupee/British pound was fixed at 87.8898 and for rupee/100 Japanese yen at 64.31.
