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.


Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence


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
LIVE TV DownloadNews18 App
News18 English
News18 » Business
1-min read

Rupee Loss Widens by 30 Paise to 69.80 Against US Dollar

Foreign institutional investors (FIIs) remained net sellers in the capital markets, pulling out Rs 238.64 crore Friday, provisional data showed.


Updated:June 14, 2019, 7:57 PM IST
Rupee Loss Widens by 30 Paise to 69.80 Against US Dollar
Representative Image (Reuters).

Mumbai: The Indian rupee on Friday fell by another 30 paise to close at 69.80 against the US currency as strengthening greenback and rising crude oil prices kept investors cautious.

Besides, weak Asian currencies and an intense sell-off in domestic equities also put pressure on the domestic currency.

On weekly basis, the rupee saw a fall of 34 paise.

At the interbank foreign exchange (forex) market, the domestic currency opened higher at 69.55 per dollar, but lost ground during the day and fell to 69.85. The rupee finally settled at 69.80, down 30 paise over its previous close.

The rupee had settled at 69.50 against the US dollar on Thursday.

"The rupee weakened for a second day against US dollar, taking cues from the other Asian currencies," said V K Sharma, Head-PCG & Capital Market Strategy, HDFC Securities. Brent crude futures, the global oil benchmark, climbed 0.11 per cent to USD 61.38 per barrel. The dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.10 per cent to 97.11.

Meanwhile, the 10-year government bond yield was at 6.92 per cent on Friday.

Sharma further said that the important event to watch out for the next week is US Federal Open Market Committee (FOMC) meeting, scheduled on June 18 and 19.

"Though Fed interest rate probability don't expect any change in the June meeting, pricing a cut in July meet," he said.

Foreign institutional investors (FIIs) remained net sellers in the capital markets, pulling out Rs 238.64 crore Friday, provisional data showed.

Benchmark indices settled for the day in the negative territory. The BSE Sensex closed at 39,452.07, down by 289.29 points, or 0.73 per cent. The wider NSE Nifty tumbled 90.75 points, or 0.76 per cent, to finish at 11,823.30.

Meanwhile, Financial Benchmark India Private Ltd (FBIL) set the reference rate for the rupee/dollar at 69.3579 and for rupee/euro at 78.3740. The reference rate for rupee/British pound was fixed at 88.0207 and for rupee/100 Japanese yen at 64.03.

Get the best of News18 delivered to your inbox - subscribe to News18 Daybreak. Follow News18.com on Twitter, Instagram, Facebook, Telegram, TikTok and on YouTube, and stay in the know with what's happening in the world around you – in real time.

Read full article
Next Story
Next Story

Also Watch

Most Active
Company Price Change %Gain
IRCTC 727.75 127.42
Infosys 786.10 -3.52
Yes Bank 40.10 1.26
Tata Motors 127.85 5.40
Indiabulls Hsg 197.80 -5.76
Company Price Change %Gain
Fortis Health 130.55 -5.36
IRCTC 728.60 127.69
Indiabulls Hsg 197.90 -5.74
Yes Bank 40.00 1.01
Tata Motors 127.80 5.32
Top Gainers
Company Price Change %Gain
Tata Motors 127.85 5.40
ONGC 135.25 4.84
Bharti Airtel 393.55 2.78
UltraTechCement 4,170.30 2.28
IndusInd Bank 1,250.60 2.24
Company Price Change %Gain
Tata Motors 127.80 5.32
ONGC 135.20 4.73
Bharti Airtel 393.50 2.84
IndusInd Bank 1,250.50 2.23
Sun Pharma 394.60 2.15
Top Losers
Company Price Change %Gain
Infosys 786.10 -3.52
Bajaj Finance 3,883.30 -2.26
Power Grid Corp 198.40 -1.29
Bajaj Finserv 8,082.25 -1.07
UPL 586.65 -0.54
Company Price Change %Gain
Infosys 785.65 -3.68
Bajaj Finance 3,881.65 -2.37
Power Grid Corp 198.45 -1.27
Larsen 1,422.65 -0.34
Kotak Mahindra 1,583.75 -0.27

Live TV

Countdown To Elections Results
To Assembly Elections 2018 Results