INSUBCONTINENT EXCLUSIVE:
USD Vs INR: On Thursday, the rupee had climbed by 19 paise to settle at 68.92.
USD Vs INR today: The
rupee declined to as much as 69.24 against the dollar in early trade on Friday, reported news agency Press Trust of India
That marked a depreciation of 32 paise - around 0.5 per cent - against the greenback compared to its previous close
Increased demand for the greenback from importers and banks led to the fall in the domestic currency on Friday, the agency quoted analysts
On Thursday, the rupee had strengthened by 19 paise to settle at 68.92 against dollar, marking a third straight session of gains, driven by
sustained foreign fund inflows
Here are 10 things to know about rupee's movement:At the forex market, the rupee opened on a weak note at 69.04, and fell
the greenback against six major peers, rose as worries about the world's largest economy eased after US data showed that March producer
prices increased by the most in five months and weekly jobless claims fell to the lowest since 1969.Foreign fund inflows and higher opening
Reuters, foreign investors have ploughed billions of dollars into India ahead of the election process spread over seven phases, which began
on Thursday.Investors, who only turned bullish on the rupee at the start of March for the first time in nearly a year, have since raised
their long positions to their highest since January of last year, a Reuters poll of 14 respondents showed.Rising crude oil prices put
pressure on the rupee in the forex market
Brent crude futures, the global benchmark for crude oil, was last seen trading 0.27 per cent higher at $71.02 per barrel.Domestic stock
such as consumer inflation and industrial production later in the day.Foreign institutional investors (FIIs), meanwhile, put in Rs 476.51
updates and election schedule for Lok Sabha Elections 2019 on TheIndianSubcontinent.com/elections
Like us on Facebook or follow us on Twitter and Instagram for updates from each of the 543 parliamentary seats for the 2019 Indian general
