INSUBCONTINENT EXCLUSIVE:
morning trade on Wednesday, reported Press Trust of India (PTI)
on account of Gandhi Jayanti.Here are 10 things to know about rupee:1
Higher crude prices would continue to weigh on domestic bonds and the rupee
The crude prices are likely to prevail over liquidity easing measures announced by the RBI
Globally, oil prices firmed on expectations of a tighter market once US sanctions start targeting Iran's petroleum industry from next
month, although a strong dollar and rising US crude supply curbed gains
Brent and WTI (West Texas Intermediate) earlier this week both reached levels last seen in November 2014, and the two contracts have risen
crore into money markets in October, pledging to buy back government bonds as part of a bid to quell fears of a credit crunch cascading
There are predictions that crude could return to $100 per barrel
In 2013, the currency had rallied in the October-December period following a two-quarter plunge of more than 13 per cent on indications the
Meanwhile, Asian shares ticked down on Wednesday and the euro held at six-week lows as Italy's mounting debt and Rome's budget plan set
At 9:22 am, the SP BSE Sensex declined 158.54 points, or 0.43 per cent, to trade at 36,367.60
The NSE Nifty50 index dropped 53.25 points or 0.48 per cent to trade at 10,955.05.(With inputs from agencies)
