INSUBCONTINENT EXCLUSIVE:
The domestic currency on Monday fell 24 paise to close at 68.66 against the dollar.The rupee on Tuesday recovered by 15 paise to close at
68.51 against the greenback on fag-end selling of the US currency by banks and importers in line with late recovery in domestic
also looking for direction before the crucial testimony of US Federal Reserve head Jerome Powell, which could provide clues on its interest
The strong jobs data dented hopes of a rate cut by the Federal Reserve this month, hitting emerging market currencies.The dollar index,
which gauges the greenback's strength against six major rivals, was up 0.17 per cent to 97.55
The rupee resumed almost flat at 68.65 per dollar as against the last closing level of 68.66 at the Interbank Foreign Exchange market and
moved down further to hit day''s low of 68.84 on initial dollar demand from banks and importers
losses to close higher at 68.51 against the US currency, showing a rise of 15 paise over its previous close
The domestic currency on Monday fell 24 paise to close at 68.66 against the dollar.After swinging 378 points during the day, the BSE Sensex
settled 10.25 points or 0.03 per cent higher at 38,730.82
The broader NSE Nifty, on the other hand, ended 2.70 points, or 0.02 per cent, lower at 11,555.90 in its third straight day of
losses.Meanwhile, Brent crude futures, the global oil benchmark, rose 0.61 per cent to trade at $64.50 per barrel.Foreign institutional
investors (FIIs) remained net sellers in the capital markets, pulling out Rs 401.99 crore on Monday, while domestic institutional investors
bought shares worth Rs 321.13 crore, as per provisional data
on TheIndianSubcontinent.com
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