INSUBCONTINENT EXCLUSIVE:
INR to USD: Rupee has depreciated in seven of the past 10 years, according to Bloomberg.
The rupee
rebounded from the six-month low and rose as much as 55 paise or 0.77 per cent against the dollar on Wednesday
Analysts say strong domestic equity markets and easing crude oil prices provided support to the home unit
At the forex market, the rupee opened higher at 71.00 against the US currency and climbed to 70.85 at the day's highest point, against
However, the domestic unit pared some gains and was trading at 70.94 against the greenback at 10:57 am
Here are 10 things to know about rupee's movement today:US delaying new tariffs on Chinese electronics to December 15
helped investor's sentiments on Wednesday, analysts were quoted as saying by news agency Reuters.Positive opening in domestic equity
market, encouraging macro data and easing crude oil prices also supported the local unit
The S-P BSE Sensex index gained as much as 438 points to 37,396 and the NSE Nifty 50 index reclaimed the 11,050 level.Government data on
Tuesday showed that consumer inflation came in at 3.15 per cent in July, on the back of softening fuel and light prices, even as overall
institutional investors (FIIs) remained net sellers in the capital markets, pulling out Rs 638.28 crore on Tuesday, according to provisional
nearly six-month low of against the dollar in line with battered equities as global market turmoil and Argentine currency crash drove
up for its second-worst monthly loss since September 2013, as India escalated tensions with Pakistan by revoking seven decades of autonomy
Rupee has depreciated in seven of the past 10 years.Get Breaking news, live coverage, and Latest News from India and around the world on
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