INSUBCONTINENT EXCLUSIVE:
With today's fall, the rupee has hit the lowest level since November 14, 2018.
The rupee on Monday
declined by 36 paise and closed to an over nine-month low
The rupee opened lower at 72.03 and fell to an intraday low of 72.25 against the greenback
The rupee settled at 72.02 against the American currency
The depreciation in rupee was in line with weakness in currencies such as Turkish lira, Chinese yuan, and Australian dollar against the US
The global currencies faced a meltdown due to escalation of trade war between the US and China over the weekend
Here are key things to know about rupee-dollar rate today:With today's fall, the rupee has hit the lowest level since
November 14, 2018.The dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.31 per cent to 97.94
after the euro and the pound dropped.However, reassuring comments by the world's two largest economies - the US and China - on Monday that
they are willing to resolve issues through calm negotiations helped the currencies pare their losses.The assurance also supported the crude
oil prices with the benchmark Brent crude gaining 0.64 per cent to $59.72 per barrel.Chinese Vice Premier Liu He said that his country was
willing to resolve the trade dispute with the US through "calm" negotiations.US President Donald Trump said that the US and Chinese trade
negotiators would "very shortly" resume talks in what he described as a breakthrough in the two economic superpowers' trade war.Foreign
investors remained net sellers in the equity market offloading stocks worth Rs 752.9 crore on a net basis on Monday, NSE's provisional
data showed.However, the S-P BSE Sensex and NSE Nifty 50 indexes on Monday staged their biggest single-day gain since May 20, after the
government announced measures to boost the slowing economic growth.The Sensex surged 793 points to close at 37,494 and the NSE Nifty 50
index jumped 228 points cent to settle at 11,058.The 10-year government bond yield was down at 6.49 per cent.Get Breaking news, live
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