INSUBCONTINENT EXCLUSIVE:
32 paise to close at a two-week low of 69.67 against the US dollar following a spike in crude oil prices on reports that the US will end
waivers on Iranian oil imports
A fall in domestic equity markets also weighed on the rupee
A weak US dollar against major global currencies capped losses of the domestic currency
At the Interbank Foreign Exchange (forex), the rupee opened sharply lower at 69.78 and touched a low of 69.88 against the dollar in early
finally settled at 69.67 per dollar, down 32 paise or 0.46 per cent over its previous closing
prices in the international market
Profit booking in the domestic equity has also pressurized the rupee," said Rushabh Maru, research analyst - currency and commodity, Anand
inflation and boost the nation's import bill
extended gains today after the longest weekly winning streak in almost four years, as the US government was said to announce that it won't
renew waivers, allowing buyers to import Iranian crude
India is one of the countries that enjoy waivers
Brent crude oil prices rose as much as 3.30 per cent to $74.31 in earlier today morning," he added.The rupee on Thursday had gained 25 paise
to 69.35 against the dollar after three sessions of losses
basket of six currencies, fell marginally by 0.06 per cent to 97.32
Meanwhile, BSE Sensex settled 495.10 points, or 1.26 per cent, lower at 38,645.18; while the broader NSE Nifty tumbled 158.35 points, or
equities, with foreign flows into India-focused ETFs maintaining the momentum
Benchmark India Private Ltd (FBIL) set the reference rate for the rupee/dollar at 69.7423 and for rupee/euro at 78.4076
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