INSUBCONTINENT EXCLUSIVE:
The rupee fell to 67.99 against the US dollar at day's low.
The rupee came under pressure today, sliding close to 68 levels against the US dollar at day's low
The rupee traded in the range of 67.99 to 67.61 against the US dollar on Tuesday, before settling at 67.86 against the greenback
ended at a fresh two-week high of 67.43 on Monday.Here are five things to know about the rupee vs dollar (INR vs USD) trade today:1
"Continued foreign capital outflows and month-end dollar demand weighed on rupee sentiment," news agency Press Trust of India cited a dealer
Foreign portfolio investors (FPIs) had net sold shares worth Rs 795.06 crore on Monday, according to provisional data from the NSE.2
The weakness in the rupee comes in the wake of a broad strengthening of the US dollar
The dollar has rebounded after touching two-week lows versus a basket of currencies
today amid prospects of major oil producing countries increasing their output
Crude futures were around the $75 mark, having fallen nearly 7 per cent since hitting a 2014 high above $80 earlier this month.4
Forex experts say that apart from the broad movement in dollar, the crude price also needs to be monitored closely
A decline in crude oil prices will support the Indian currency from falling sharply, says forex advisory firm IFA Global
The sentiment in the rupee was also hurt by weakness in the domestic stock markets
The Sensex fell over 200 points today, snapping a 3-day winning streak.(With Agency Inputs)
