INSUBCONTINENT EXCLUSIVE:
against the US dollar, marking its third straight session of decline owing to sustained demand for the greenback from importers and rising
The local currency has depreciated by 68 paise in the last three days
Besides, strong dollar against its rival currencies built additional pressure on the rupee
However, persistent foreign fund inflows and heavy buying in domestic equities supported the rupee and capped the losses to some extent.At
the Interbank Foreign Exchange (forex) market, the rupee opened lower at 69.55 and fell further to touch the day's low of 69.69
It finally ended at 69.60 per dollar, down by 18 paise against its previous close
and delay of dollar inflow by Essar steel lead to weakness in the rupee," said V K Sharma, head PCG and capital markets strategy, HDFC
Forex and equity markets will remain shut on Wednesday on account of "Mahavir Jayanti" while most of the major financial markets are closed
institutional investors (FIIs) remained net buyers in the capital markets, putting in Rs 1,038.58 crore on Tuesday, as per provisional data
Equity benchmark Sensex rallied about 370 points to scale a record closing high of 39,275.64 as investors' sentiment got further boost from
at 69.5770 and for rupee/euro at 78.6489
The reference rate for rupee/British pound was fixed at 91.0860 and for rupee/100 Japanese yen at 62.16.Get the latest election news, live
updates and election schedule for Lok Sabha Elections 2019 on TheIndianSubcontinent.com/elections
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