INSUBCONTINENT EXCLUSIVE:
Rupee moved in a tight range between 68.75 and 68.89 in the intraday trade.The rupee ended higher by 5 paise at 68.77 against the US dollar
on Wednesday on the back of some stray dollar selling by exporters and banks, reported news agency Press Trust of India (PTI)
A fall in global crude prices lifted sentiment in the domestic currency market despite intensifying trade tensions between US and China
Traders also remained wary ahead of IIP and retail inflation data
Rupee moved in a tight range between 68.75 and 68.89 in the intraday trade
Global crude prices tumbled more than $2 per barrel following fresh threats from US President Donald Trump to slap tariffs on an extra $200
billion worth of Chinese imports
Having posted a session high level of 68.75, the local unit finally settled at 68.77, showing gain of 5 paise, or 0.07 per cent
Meanwhile, the local bourses extended their winning run for the fourth day, led by technology shares, after IT major TCS delivered stellar
Globally, the US dollar edged higher against a currency basket as escalating US-China trade tensions prompted investors to seek safety in
In other cross currency trade, the rupee fell back against the pound sterling to close at 91.11 per pound from 91.09 and also softened
