INSUBCONTINENT EXCLUSIVE:
INR Vs USD: The last time the rupee closed below 70 was on August 24, when it had finished at 69.91.The rupee vaulted 77 paise to a
said a bullish trend in the equity market and a weak greenback further propped up the local unit, which racked up gains for the third
bank's benchmark interest rate is likely near a "neutral level"
At the Interbank Foreign Exchange (forex), the rupee opened on a firm footing at 70.15 against the US dollar
unit finally finished at 69.85, showing a gain of 77 paise over its previous close.The last time the rupee closed below 70 was on August 24,
This is positive for India as decline in crude oil prices may push inflation and current account deficit lower," said Rushabh Maru -
domestic equities are quite volatile too, hence we may see importers rushing to cover their exposure for 2-3 months
said, "The INR appreciated on account of renewed interest by FIIs in India
After a steep 15 per cent fall in the Rupee earlier this year, the Rupee has bounced back 6 per cent
After pulling out USD 5 billion cumulatively in September and October, FIIs have bought Indian equities worth USD 558 million in
The 30-share Sensex surged 453.46 points, or 1.27 per cent, to end at 36,170.41, while the broader NSE Nifty jumped 129.85 points, or 1.21
the rupee/dollar at 69.9159 and for rupee/euro at 79.5801
