Weighed On The Rupee

A 10 per cent spike in crude prices can result in a 0. Besides stronger crude oil prices, weakness in Asian currencies weighed on rupee," V K Sharma, Head PCG & Capital Markets Strategy, HDFC Securities, said.86.56 per cent at 70.2590 and for rupee/100 Japanese yen at 62.86, down by 323. Mumbai: The rupee on Thursday slumped 39 paise to close at more than six-week low of 70. At the Interbank Foreign Exchange, the rupee opened sharply lower at 70."Rising crude and Dollar Index weighed on the rupee.82 points, or 0. Saudi Arabia39;s comments that it sees no immediate need for intervention in the oil market also fuelled the rally even as the US data showed larger-than-expected increase in oil stockpiles.9418 and for rupee/euro at 78.

Global benchmark Brent breached the USD 75 per barrel level for the first time in 2019 following stricter US sanctions on Iran oil.80.The domestic currency finally settled down by 39 paise or 0.PTI Published: Apr 25, 2019, 6:46 pm IST Updated: Apr 25, 2019, 6:46 pm IST Besides, a strengthening dollar against some major currencies also weighed on the Rupee, forex dealers said."Rising crude and Dollar Index weighed on the rupee.83 per cent and the NSE Nifty dropped 84. The rupee on Wednesday had declined 24 paise to close at 69. The reference rate for rupee/British pound was fixed at 90.25 per dollar, the lowest closing level since March 6.06 and fell further to the day39;s low of 70. The Dollar Index, which gauges the greenback39;s strength against a basket of six currencies, was up by 0.40 per cent widening of the CAD, which could result into a 3-4 per cent depreciation in the rupee and also push up inflation by China single screw barrel Manufacturers 0.

27 as crude oil prices breached the USD 75 per barrel mark for the first time this year.25.08 per cent to 98.25 against the US dollar due to rising crude oil prices and a late sell-off in domestic equity markets.Besides, a strengthening dollar against some major currencies overseas also weighed on the home unit, forex dealers said.The BSE Sensex closed at 38,730.49. Besides stronger crude oil prices, weakness in Asian currencies weighed on rupee," V K Sharma, Head PCG & Capital Markets Strategy, HDFC Securities, said.35 points to settle at 11,641.Financial Benchmark India Private Ltd (FBIL) set the reference rate for the rupee/dollar at 69.end-ofTags: rupee, us dollar, forex, interbank foreign exchangeLocation: India, Maharashtra, Mumbai (Bombay).24 per cent, Sharma pointed out.0527.