INSUBCONTINENT EXCLUSIVE:
Besides, as forex dealers said, there was concern in the market after reports surfaced that the Supreme Court on Friday restrained Arcelor
Mittal from acquiring Essar Steel, which in turn might impact dollar inflows considering the Essar Steel acquisition was worth nearly $7
billion.At the Interbank Foreign Exchange (forex), the domestic currency opened at 69.04 a dollar and fell further to touch the day's low of
It finally settled at 69.17 per dollar, down 25 paise over its previous close
The rupee on Thursday had climbed 19 paise to close at 68.92 against the dollar
During the week, the rupee gained 6 paise.While rising crude oil prices in overseas market added pressure to the domestic unit, sustained
foreign fund inflows and heavy buying in domestic equity market restricted the fall in the local unit, analysts said.Foreign institutional
investors (FIIs) remained net buyers in the capital markets, putting in Rs 897.45 crore on Friday, as per provisional data.The dollar index,
which gauges the greenback's strength against a basket of six currencies, fell 0.32 per cent to 96.87
Meanwhile, brent crude futures, the global oil benchmark, rose 1.10 per cent to trade at $71.61 per barrel.Equity benchmarks closed in the
positive territory on Friday
The 30-share BSE Sensex settled 160.10 points, or 0.41 per cent, higher at 38,767.11
The broader NSE Nifty rose 46.75 points, or 0.40 per cent, to 11,643.45.The Financial Benchmark India Private Ltd (FBIL) set the reference
rate for the rupee/dollar at 69.3240 and for rupee/euro at 78.2335
The reference rate for rupee/British pound was fixed at 90.5589 and for rupee/100 Japanese yen at 61.99.Get the latest election news, live
updates and election schedule for Lok Sabha Elections 2019 on TheIndianSubcontinent.com/elections
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