INSUBCONTINENT EXCLUSIVE:
INR Vs USD: On Wednesday, rupee rose marginally against the US dollar.The Indian rupee on Thursday advanced by another 22 paise to 72.38
against the US dollar in early trade in the forex market, reported news agency Press Trust of India (PTI)
The Indian currency strengthened today after the government raised import duties on select items to check rupee fall and contain current
According to traders, selling of the US dollar by exporters and banks, the greenback's weakness against some currencies overseas, also
helped the domestic currency recover
Meanwhile, the Federal Reserve rate hike had little impact on the dollar.Here are key things to know about Indian rupee today:1
The government on Wednesday announced hike in customs duty on 19 items, including jet fuel and air conditioners, to curb 'non-essential
imports' and check the widening current account deficit resulting from high crude oil prices and the rupee dipping to a historic low
The total value of imports of these items stood at Rs.86,000 crore in 2017-18, the Ministry of Finance said in a statement.2
The Federal Reserve raised interest rates for the third time this year on Wednesday
According to dealers, a higher opening in the equity market also supported the rupee's sentiment today
At 9:42 am, the SP BSE Sensex advanced 80.79 points or 0.22 per cent to trade at 36,623.06
On Wednesday, rupee rose marginally against the US dollar
Global equities ran out of steam on Thursday and US bond yields fell after the Federal Reserve raised interest rates
Asian shares held firm on Thursday, outperforming sagging Wall Street shares.6
Globally, oil prices rose on Thursday, lifted by looming US sanctions against major crude exporter Iran
