Indian Rupee Closes With Marginal Gains
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Indian Rupee Closes With Marginal Gains
The India currency fell 0.23% to 76.39 during the session, before erasing the losses, in-line with the recovery in stock benchmarks.
Rupee rose 0.07% to 76.15 because trimming the gains to close 0.05% higher at 76.17.
Source: Bloomberg
Rupee Pares Losses; Rises 0.07% During The Session
Indian Rupee reversed its losses to rise 0.07% to 76.15 against the dollar, as stock benchmarks recovered after shedding nearly 1% in morning session.
The currency fell 0.23% to 76.39 against the U.S. dollar during the session.
Source: Bloomberg
Rupee Pares Most Of The Losses
The Indian rupee strengthened against the U.S. dollar at 76.24 after opening lower.
The domestic stock benchmarks, Sensex and Nifty 50, had reversed their opening gains but have now partly recovered.
Rupee Depreciates At Open
Indian rupee opened 0.23% lower at 76.33 against the U.S. dollar even as crude prices fell.
Crude price slid to around $110 a barrel from more than $120 partly on demand concerns after virus resurgence in China and as the European Union decided against any fresh sanctions to cut imports from Russia.
The Indian equity markets, however, opened higher.
Rupee Ended 0.22% Higher On Friday
The Indian rupee ended 0.22% higher at 76.20 against the U.S. dollar on Friday on lower crude prices.
Crude price slid to around $110 a barrel from more than $120 partly on concerns that China’s virus resurgence will affect overall demand, and as the European Union decided against any fresh sanctions to cut imports from Russia.
Indian equity market, however, fell for the third consecutive session to log losses for the week. That snapped a two-week gaining streak.
