INSUBCONTINENT EXCLUSIVE:
INR Vs USD: The rupee had lost 26 paise to close at 73.83 Monday.The rupee climbed 35 paise to end at nearly two-week high of 73.48 per
weakening against other currencies were the other factors that provided support to the home unit
At the Interbank Foreign Exchange (Forex), the rupee opened on a firm note at 73.79 from Monday's close of 73.83
During the day the domestic currency gained further ground to hit a high of 73.47 against the US dollar, driven by selling of the greenback
prices supported the rupee's upward movement
"Alongside positive news on crude, the ten-year bonds rallied as yields closed lower
The currency rallied on the lower than expected trade deficit data," said Sunil Sharma, Chief Investment Officer, Sanctum Wealth
Brent oil was trading 0.88 per cent lower at $80.07 a barrel on Tuesday due to easing tensions over disappearance of a Saudi journalist
which calmed the oil market
US President Donald Trump Monday had said that "rough killers" could be behind the disappearance of journalist Jamal Khashoggi as opposed to
his earlier threatening stance
Stock markets also welcomed a retreat in oil prices and gains in the rupee with the benchmark 30-share Sensex rising by 297.38 points or
India Private Ltd (FBIL) set the reference rate for the dollar at 73.9041 per dollar
The reference rate for euro was fixed at 85.5750 and for the British pound at 97.3327
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