INSUBCONTINENT EXCLUSIVE:
On Monday, the domestic currency had closed at 71.23 against the greenback.
The rupee on Tuesday
fell by 31 paise to end at a nearly one-month low against the dollar
According to analysts, heavy dollar buying amid fresh concerns over the progress of China-US trade talks led to the depreciation in the
The rupee closed at 71.54 against the dollar, down by 0.44 per cent -- the biggest one day loss in this month
This is the lowest closing level since September 17 when the rupee had closed at 71.78 against the dollar
On Monday, the domestic currency had closed at 71.23 against the greenback
Here are 10 things to know about rupee:According to analysts, investor's caution returned as reports suggested that China
hopes of a ''phase one'' agreement between the two major economies as pitched by US President Donald Trump.The dollar, meanwhile, advanced
against the major global currencies with the dollar index gaining 0.07 per cent to 98.52.Crude oil prices retreated for a second day after
weak Chinese trade data and fresh concerns over the Sino-US trade talks.Global benchmark Brent crude dropped more than 0.50 per cent to
$58.99 per barrel.Domestic stocks advanced for the third session in a row on hopes of consumer demand revival in the upcoming festive
season.The Sensex ended 292 points or 0.76 per cent higher at 38,506 and the NSE Nifty 50 index climbed 0.77 per cent or 87 points to
11,428.Meanwhile, yields on the benchmark 10-year government security spurted to 6.6668 per cent against 6.48 per cent in the previous day
RBI's comfort level of 4 per cent.According to Amit Pabari, Managing Director, CR Forex Advisors, the rupee shall form its new range
between 70.80-71.80 levels for the next few trading sessions.Get Breaking news, live coverage, and Latest News from India and around the
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