INSUBCONTINENT EXCLUSIVE:
The rupee had settled at 68.80 against the dollar on Friday breaking a three-day fallThe rupee closed 12 paise lower against the US dollar
on Monday, reported news agency Press Trust of India (PTI)
The fall in rupee came on the back of losses in the domestic equity markets and a spike in crude oil prices overseas
Strength in the US dollar against major peers also weighed on the rupee sentiment, forex dealers said
The rupee opened lower at 68.95 against the dollar and breached the 69-mark to touch an intraday low of 69.06
The rupee finally settled at 68.92 against the dollar
The rupee had settled at 68.80 against the dollar on Friday breaking a three-day fall.2
"Indian sovereign bonds fell after the Reserve Bank of India Governor Shaktikanta Das said further rate cuts will depend on incoming
This statement has turned down the expectations of large easing in upcoming monetary policy," Press Trust of India quoted VK Sharma, head
PCG - capital markets strategy, HDFC Securities, as saying
Brent crude futures, the global benchmark for oil, rose 1.49 per cent to $63.40 per barrel.4
The S-P BSE Sensex and NSE Nifty 50 indexes fell for third day in a row as financial and banking sector shares came under selling pressure
The Sensex plunged 306 points to close at 38,031 and the Nifty50 index ended 73 points lower at 11,346.5
Foreign institutional investors (FIIs) remained net sellers in the capital markets, pulling out Rs 1,916.91 crore on Monday, provisional
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