INSUBCONTINENT EXCLUSIVE:
On Wednesday, the domestic unit had closed at 71.24.
The rupee settled 10 paise lower against the
The local currency opened on a strong note at 71.36 and shuttled between a high of 71.06 and a low of 71.37
It finally settled at 71.34 against the dollar
According to analysts, heavy selling in domestic stock markets and unabated foreign fund outflows kept investors edgy
Investors also turned cautious after the US Federal Reserve dimmed hopes of further rate cuts, they added
On Wednesday, the domestic unit had closed at 71.24
Here are 5 things to know about rupee:"Since the morning, rupee has been tracking the move in crude
Overnight drop in oil led rupee to appreciate
However, the escalating tensions in Middle East limited the gains in rupee," said Rahul Gupta, Currency Research Head, Emkay Global
Committee lowered the policy interest rate by 25 basis points to a target range of 1.75 to 2.0 per cent, but dimmed hopes for subsequent
Federal Reserve Chairman Jerome Powell said the rate cut was designed "to provide insurance against ongoing risks" including weak global
growth and resurgent trade tensions.Brent futures, the global oil benchmark, soared 2.14 per cent to $64.96 per barrel after Iran warned of
an "all-out war" if it is targeted in the aftermath of the drone attacks on Saudi Arabia's oil infrastructure, further pushing up tensions
analysts said.The Sensex dropped 470 points or 1.3 per cent to close at 36,093
its lowest level since March 1 and the Nifty 50 index slumped 136 points or 1.25 per cent to close at 10,705, its lowest level since
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