INSUBCONTINENT EXCLUSIVE:
INR Vs USD:
INR Vs USD: The Indian rupee recovered from all-time low of 71 and rose by 23 paise to
70.77 against the US dollar in early trade today, reported news agency Press Trust of India (PTI)
The rise in Indian currency is due to the robust GDP (Gross Domestic Product) growth data for the April-June quarter of current fiscal, said
According to forex dealers, besides fresh selling of the American currency by exporters as well as banks, a higher opening in the domestic
equity market also supported the rupee today
Here are 5 things to know:Indian rupee strengthened in early trade today but a positive dollar against other currencies
showed that India's economy grew at a two-year high of 8.2 per cent in the April-June quarter of 2018-19 on strong performance of
manufacturing and agriculture sectors
This cemented India's position as the fastest growing major economy ahead of China's 6.7 per cent.On Friday, the rupee registered a
fresh all-time closing low of 71 against the US dollar
Continued month-end demand for the US currency amid rising crude oil prices dragged the rupee to fresh record lows on Friday.Benchmark
equity indices opened on a positive note on Monday
At 9:43 am, the SP BSE Sensex jumped 129.36 points or 0.33 per cent to trade at 38,774.43
escalation of the US-China trade war and unstable emerging market currencies
Oil prices also dipped on Monday on rising supply from OPEC and the United States, although expectations of falling Iranian output once US
sanctions take effect in November provided some support, reported news agency Reuters
