INSUBCONTINENT EXCLUSIVE:
escalation in geo-political tensions following Indian fighter jets' air strikes on Pakistan-based terror camps
Besides, weakening investor sentiments in domestic equity market and rising global crude oil prices impacted the rupee movement
Reacting to rising tensions between India and Pakistan, the domestic currency opened 30 paise lower at 71.27 in the early trade and further
weakened to 71.35 as the day progressed
market movement is likely to be cautious until further clarity over cross border threat
widening current account deficit
early morning trade amid rise in geopolitical tension with Pakistan after India's air strike on terror camps in Pakistan
The higher dollar demand from public and private firms through bond issuance also weighed on the Rupee," V K Sharma, head PCG and Capital
Benchmark India Private Ltd (FBIL) set the reference rate for the rupee against the dollar at 71.0952 and against euro at 80.7471
institutional investors (FIIs) bought equities worth a net Rs Rs 1,674.17 crore on Tuesday, while domestic institutional investors sold
shares to the tune of Rs 720.27 crore, provisional data showed.
