INSUBCONTINENT EXCLUSIVE:
Stock markets reversed their early losses to close the day with gains.The rupee trimmed its early sharp gains to settle 8 paise higher at
70.06 against the US currency mainly due to dollar buying by importers in the last hour of trade
The dollar strengthened against major global currencies in a restricted trade which also weighed on the domestic currency
The dollar index, which measures the US currency's strength against a basket of six major global currencies, was up at 96.74 amid global
Major global markets such as the UK, Hong Kong and Germany were closed for Christmas holidays.Brent crude, the international benchmark, was
up 0.73 per cent at $51.14 per barrel
The rupee opened on a strong note and soared 35 paise to 69.79 a dollar against the previous close of 70.14
to close the day with gains
The BSE Sensex broke its three-day falling streak by ending 179.79 points higher at 35,649.94
The broader NSE Nifty gained 0.62 per cent to close above the 10,700 level
the reference rate for the rupee/dollar at 69.9906 and for rupee/euro at 79.8196
The reference rate for rupee/British pound was fixed at 88.9581 and for rupee/100 Japanese yen at 63.36.
