INSUBCONTINENT EXCLUSIVE:
Dollar-rupee conversion rate: The rupee is down nearly 8 per cent against the US dollar so far this yearThe rupee (INR) shed 11 paise to
close at 68.83 against the US dollar (USD) on Tuesday
Demand for the dollar by importers led to some depreciation for the rupee, say analysts
World share markets remained near three-week highs, supported by optimism about US company earnings and the notion that global economic
Dollar strength, lack of foreign investment inflows and concerns over rising crude oil prices are likely to keep the rupee under pressure
outflows from capital markets and crude oil prices regaining $79/barrel mark on supply concerns also weighed on the rupee sentiment, dealers
In the international oil market, Brent crude futures rose by 64 cents to $78.71 per barrel in recent trade
hiked for sixth straight day)4
Financial Benchmarks India Private Limited (FBIL), which on Tuesday took over from the Reserve Bank of India the responsibility of
computation and dissemination of reference rate for the dollar-rupee pair and other major currencies, fixed the reference rate at 68.7942
currency, according to bankers.
