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
LIVE TV DownloadNews18 App
»
1-min read

Rupee Slips by 10 Paise to 68.54 Against Dollar in Early Trade

Forex traders said the rupee is trading in a narrow range ahead of the release of retail inflation and factory output data. Besides, the weakening of the greenback vis-a-vis other currencies overseas supported the local unit.

PTI

Updated:July 12, 2019, 10:30 AM IST
facebookTwitterskypewhatsapp
Rupee Slips by 10 Paise to 68.54 Against Dollar in Early Trade
Representative Image (Reuters).
Loading...

Mumbai: The rupee opened on a cautious note and fell 10 paise to 68.54 against the US dollar in early trade Friday ahead of the release of key macro-economic data.

Forex traders said the rupee is trading in a narrow range ahead of the release of retail inflation and factory output data. Besides, the weakening of the greenback vis-a-vis other currencies overseas supported the local unit.

However, rising crude oil prices, foreign fund outflows and cautious opening in domestic equities weighed on the domestic currency.

At the Interbank Foreign Exchange, the rupee opened at 68.48 then fell to 68.54 against the US dollar, showing a decline of 10 paise over its previous closing. The Indian rupee Thursday had closed at 68.44 against the US dollar.

Meanwhile, brent crude futures, the global oil benchmark, rose 0.68 per cent to USD 66.97 per barrel.

Foreign institutional investors (FIIs) remained net sellers in the capital markets, pulling out Rs 316.86 crore Thursday, as per provisional data.

Domestic bourses opened on a cautious note Friday with benchmark indices Sensex trading 24.07 points down at 38,799.04 and Nifty down 3.95 points at 11,578.95.

On the global front, Federal Reserve Chairman Jerome Powell, has indicated that the central bank is prepared to cut interest rates to support the economy.

"Uncertainties around trade tensions and concerns about the strength of the global economy continue to weigh on the US economic outlook," Powell said in his opening comments to the Senate Banking Committee on Thursday.

Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwitterskypewhatsapp
Most Active
Company Price Change %Gain
20 Microns 35.95 3.16
Hexaware Tech 353.40 -1.20
Atul 3,699.60 2.68
Amrutanjan Heal 299.40 -0.47
Company Price Change %Gain
Reliance ETF PS 317.85 -4.09
ABB India 1,374.45 -2.03
Aegis Logistics 201.65 0.83
Amara Raja Batt 627.85 1.09
Ambalal Sarabha 12.09 0.33

Live TV

Loading...
Countdown To Elections Results
To Assembly Elections 2018 Results