INSUBCONTINENT EXCLUSIVE:
The gain of around 0.5 per cent in the currency came amid strong gains in domestic equity markets, after release of positive trade data by
The rupee opened at 71.84 against the dollar and rose by as much as 39 paise to hit 71.51 during the session
measures the greenback against six major peers - fell 0.07 per cent to 97.371, close to the 19-month high of 97.711 hit last week.Crude oil
prices prices steadied after slipping by around 2 per cent last week, but remained under pressure from oversupply and concern over the
We could see the realised volatility cool off further as we head into year end," said forex advisory firm IFA Global.The US central bank's
Federal Open Market Committee (FOMC) is expected to deliver its fourth rate hike of the year in its policy statement due on
Thursday.Domestic equity markets closed higher for a fifth consecutive session
down around 12 per cent against the dollar so far this calendar year.(With agency inputs)
