INSUBCONTINENT EXCLUSIVE:
The rupee had ended at 68.79 against the dollar on Wednesday.
The rupee closed 27 paise lower
against the US dollar and breached the 69-mark on Thursday, news agency Press Trust of India (PTI) reported
The fall came on the back of heavy selling in domestic equity markets and strengthening of the US dollar after US Federal Reserve cut
interest rate by 25 basis points for first time in a decade but signalled that its rate cut was not the start of a lengthy easing cycle
In the intraday trade, rupee hovered in the range of 69.01-69.20 before closing at 69.06 against the dollar -- its weakest level since June
Here are ten things to know about today's session of currency market trading:The rupee had ended at 68.79 against the
Press Trust of India quoted Rushabh Maru, research analyst, currency and commodity, Anand Rathi Shares and Stock Brokers, as saying.Mr Maru
further said that "in the short term the rupee might depreciate to 69.80-70 levels on account of weak momentum in the domestic equities
Focus will now shift to the RBI monetary policy."Unabated foreign fund outflows and disappointing macro-economic data weighed on investor
61.4 per cent of the budget estimate for the current financial year.Foreign institutional investors (FIIs) remained net sellers in the
capital markets, pulling out Rs 1,056.55 crore on Thursday, NSE's provisional data showed.The dollar index, which gauges the greenback's
strength against a basket of six currencies, rose 0.35 per cent to 98.85.The domestic benchmark indices nosedived in Thursday's session on
the back of weak global cues
The Sensex plunged as much as 787 points to trade below 37,000-mark for the first time since March 5.The Sensex plunged 463 points or 1.23
per cent to close at 37,018 and the NSE Nifty 50 Index dropped 1.24 per cent or 105 points to end at 10,980.Brent crude futures, the global
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