INSUBCONTINENT EXCLUSIVE:
Rupee Vs Dollar: The rupee is down 3.01% against the dollar so far this yearRupee Vs Dollar Today: The rupee ended a volatile day on
0.16 per cent - for the day
The rupee had begun Wednesday's session mildly weaker at 73.69 against the greenback compared to its previous close of 73.64
day, with benchmark indices Sensex and Nifty scaling their highest closing levels since August 28
per cent - from its previous close.Gains in most Asian currencies against the dollar supported the rupee in Wednesday's session
lower, having declined as much as 0.29 per cent earlier.While the Japanese yen was last seen trading 0.48 per cent higher against the
American currency, the Chinese yuan was up 0.31 per cent, and the Singaporean dollar up 0.22 per cent.The Thai baht, the Indonesian rupiah
and the South Korean won were up 0.33 per cent, 0.01 per cent and 0.22 per cent at the time."The rupee could tilt slightly towards the
weaker side in the coming sessions
Also, buying pressure by importers and state-run companies is aggravating the northward move," said Amit Pabari, managing director at forex
advisory firm CR Forex."However, as long as the (USD-INR) pair trades below 74.50 and the there is no further escalation on the geopolitical
front, depreciation in the pair, if any, will be limited to 74.50," he said.Meanwhile, crude oil prices soared for a second straight day, as
a hurricane closed US offshore oil and gas production
