INSUBCONTINENT EXCLUSIVE:
Rupee Vs Dollar: The rupee weakened to as low as 75.32 against the dollar during the sessionRupee Vs Dollar Rate Today: The rupee weakened
to as low as 75.32 against the US dollar on Friday, before shutting shop with a loss of 21 paise - or 0.28 per cent - at 75.20
After starting the day weaker at 75.14 compared to its previous close of 74.99, the rupee moved in a range of 18 paise between 75.14 and
75.32 during the four-hour session and settled at 75.20 for the day
Analysts say increased demand for dollars among banks and importers and strength in the US currency overseas put pressure on the
an already-slowing economy battered by the pandemic
slid to as low as 10,713.00, having started the session weaker at 10,764.10 compared to its previous close of 10,813.45.The dollar index,
the Singaporean dollar was down 0.14 per cent
The Taiwanese dollar was flat, but the Chinese yuan, the Thai baht and the South Korean won were down 0.22 per cent, 0.23 per cent and 0.73
per cent respectively."Any negative reaction of markets coming from COVID-19-related news could be short lived
On the other hand, India is considering raising nearly $2.7 billion by selling stake in the world's largest coal producer and IDBI Bank to
fund its stimulus program
director, CR Forex Advisors, a forex advisory firm.(: Government Looks At Rs 20,000 Crore By Selling Stakes In Two Firms, Says Report)"The
pair is expected to trade within 74.50-75.50 levels for the next few sessions," he said.Crude oil prices extended losses to a second
straight session, and were headed for a weekly decline on worries that renewed lockdowns following a surge in coronavirus cases in the US
and elsewhere could suppress fuel demand.Brent crude futures - the global benchmark for crude oil - were last seen trading down 1.70 per
Brent crude futures had hit a 21-year low of $15.98 per barrel in April.Meanwhile, foreign portfolio investors (FPIs) net purchased Indian
