Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
CO-PRESENTED BY
LIVE TV DownloadNews18 App
News18 English

Lok Sabha Elections 2019Exit Poll Results

All India Figures

Assembly Elections 2019 Exit Poll Results

»
1-min read

Rupee Halts 3-day Slide v/s Dollar; up 7 paise at 64.52

The rupee remained under pressure against the US dollar for the third-straight day on Friday, depreciating 7 paise to end at a fresh 3-week low of 64.59 on steady demand of the US currency amid a global oil rout.

PTI

Updated:June 23, 2017, 9:15 PM IST
facebookTwittergoogleskypewhatsapp
Rupee Halts 3-day Slide v/s Dollar; up 7 paise at 64.52
Representative photo. (Image: Reuters)
Loading...
Mumbai: The rupee rebounded from a 3-week low against the American currency and ended higher by 7 paise at 64.52 following fresh bouts of dollar selling amid weak undertone overseas.

Robust capital inflows into the equities and debt predominantly supported the domestic currency even as forex market continues to price in a rate rise by the Federal Reserve as a near-term risk.

Though, forex trading sentiment was by and large tepid and becalmed for yet another day, hampered by lack of key triggers even as traders refrained from taking any fresh positions ahead of a long weekend.

Crude oil prices steadied- after hitting ten-month lows in the middle of this week.

Domestic equities retreated sharply as cautious investors booked profits in key heavyweights ahead of the extended weekend amid increased global economic uncertainty in the face of stunning fall in crude prices.

Foreign funds turned net buyers after recent spell of offloading and bought Indian equities worth Rs 192.68 crore on Thursday, as per the provisional figures.

At the Interbank Foreign Exchange (forex) market, the local unit resumed higher at 64.56 from overnight closing value of 64.59 supported by fresh selling of the American currency by banks and exporters.

It was later trapped in a narrow range of 64.42 and 64.5925 before concluding at 64.52, showing a gain of 7 paise, or 0.11 per cent.

The Indian unit has lost 16 paise in last three days. Forex market will be closed on Monday for Eid holiday.

The RBI, meanwhile, fixed the reference rate for the dollar at 64.5365 and for the euro at 72.0808.

On the global front, the greenback traded lower against other major currencies on Friday as traders were looking to US inflation data due next week to provide clues on the Federal Reserve's likely interest rate policy.

The dollar index, which tracks the US currency against a basket of six major rivals, was down at 97.09.
Euro climbs higher as euro zone manufacturing activity hit a 6-year high.

In cross-currency trades, the rupee drifted back against the pound sterling to settle at 82.10 from 81.87 per pound, but regained against the Euro to finish at 72.02 from 72.15 earlier.

The home currency, however held steady against the Japanese Yen at 58.00 per 100 yens.
Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwittergoogleskypewhatsapp
 
 
Most Active
Company Price Change %Gain
SBI 342.00 7.13
Reliance 1,318.20 4.01
ICICI Bank 411.90 5.70
Yes Bank 143.40 6.90
Maruti Suzuki 7,031.10 4.83
Company Price Change %Gain
Reliance 1,317.50 4.09
Axis Bank 776.55 3.80
HDFC Life 397.50 3.92
SBI 341.80 7.16
Yes Bank 143.20 6.43
Top Gainers
Company Price Change %Gain
Adani Ports 394.85 7.56
Indiabulls Hsg 777.40 7.49
SBI 342.00 7.13
Yes Bank 143.40 6.90
Grasim 882.80 6.50
Company Price Change %Gain
SBI 341.80 7.16
Yes Bank 143.20 6.43
ICICI Bank 411.95 5.55
Larsen 1,435.25 5.39
Tata Motors 186.25 5.40
Top Losers
Company Price Change %Gain
Dr Reddys Labs 2,574.95 -6.19
Zee Entertain 361.90 -2.75
Tech Mahindra 773.10 -1.50
Bajaj Auto 3,017.90 -0.73
Infosys 719.90 -0.55
Company Price Change %Gain
Bajaj Auto 3,018.00 -0.78
Infosys 723.80 0.00

Live TV

Loading...
Countdown To Elections Results
  • 01 d
  • 12 h
  • 38 m
  • 09 s
To Assembly Elections 2018 Results