INSUBCONTINENT EXCLUSIVE:
Rupee Vs Dollar: The rupee gained to as high as 76.11 against the dollar during the sessionRupee Vs Dollar Today: The rupee registered mild
gains against the US dollar on Wednesday, remaining near a six-week low registered the previous day
It moved in a range of 76.11-76.26 during the four-hour session, having started the day unchanged from its previous close of 76.21 against
banking and automobile shares.The S-P BSE Sensex index bounced back 600.7 points from an intraday low of 33,332.96 registered in morning to
army said 20 of its soldiers had been killed in clashes with Chinese troops at Galwan Valley in Ladakh."Geopolitical risk premium is not
to that risk premium, it added.The dollar index - which gauges the greenback's performance against six currencies - was last seen trading up
0.04 per cent, having risen 0.14 per cent earlier."We may see nationalised banks offering dollars at higher levels to smoothen volatility
The US dollar has strengthened after much-better-than-expected May retail sales data," said Abhishek Goenka, founder and CEO of forex
advisory firm IFA Global.US retail sales bounced back sharply in May, data showed
However, new infections have hit record highs in six US states, and China cut flights and closed schools to contain a fresh outbreak in
Beijing."Globally, the sentiment continues to be in favor of risky assets," Mr Goenka added.Meanwhile, international crude oil prices rose
on Wednesday on hopes for economic recovery and for a clinical trial showing a cheap steroid could help save some critically ill coronavirus
patients, but fears of a second wave of the virus curbed gains.Brent crude futures - the global benchmark for crude oil - were last seen
trading 0.7 per cent higher at $41.25 per barrel.Currency markets currently operate within reduced trading hours due to the
coronavirus-induced lockdown
The temporary timings are from 10 am to 2 pm, instead of the normal timings of 9 am to 5 pm.
