INSUBCONTINENT EXCLUSIVE:
gains by another 39 paise to 68.50 a dollar, tracking firmer emerging market currencies, lower crude oil prices, even as participants keenly
It finally settled at 68.50, up 39 paise against its previous close of 68.89.Meanwhile, the Economic Survey 2019 stressed the need to give a
huge boost to spending and reforms to accelerate higher rate of expansion to double the economy's size to $5 trillion by 2024-25
Forex traders said the budget will give further cues going ahead in the currency market ."Rupee gain was followed by stronger emerging
Lower crude oil prices and stronger domestic equity markets supported rupee in Thursday's trade," said V K Sharma, Head PCG and Capital
Markets Strategy, HDFC Securities
Meanwhile, the 10-year government bond yield was at 6.75 per cent on Thursday."India's 10-year sovereign bonds are trading higher as a key
government report said the federal and state administrations are generally on the path of fiscal consolidation," Mr Sharma said
Brent crude futures, the global oil benchmark, slipped 0.13 per cent to $63.74 per barrel.Foreign institutional investors (FIIs) remained
net sellers in the capital markets, pulling out Rs 28.95 crore on Thursday, as per provisional data
The dollar index, which gauges the greenback's strength against a basket of six currencies, slipped 0.03 per cent to 96.73.In the stock
market, the 30-share BSE Sensex settled 68.81 points, or 0.17 per cent, higher at 39,908.06; while the broader NSE Nifty climbed 30 points,
or 0.25 per cent, to 11,946.75.Get Breaking news, live coverage, and Latest News from India and around the world on
TheIndianSubcontinent.com
Catch all the Live TV action on TheIndianSubcontinent 24x7 and TheIndianSubcontinent India
Like us on Facebook or follow us on Twitter and Instagram for latest news and live news updates.Budget 2019: Find the latest news on
TheIndianSubcontinent.com/budget
Use the income tax calculator to learn about your tax liability
