On Wednesday , Indian rupee opened 20 pips weaker against greenback @ 69.82/83.
Gap up opening directly correlated with Dollar Index advancement on better USA home sales in month of march.
Oil price slip from 2019 high but, Brent Oil still above psychological level $74.00 per barrel.
Currency and Indices future expiry on 25th April 2019.
INTRADAY RANGE - 69.32 ( 69.48 - 69.90 ) 70.14
On Tuesday, The rupee appreciated by 10 pips to 69.52 against the US dollar ahead of the RBI's second round of dollar-rupee swap auction.
The currency was also buoyed on reports that India has lined up alternate sources to make up for likely shortfall in crude supplies.
Interbank Foreign Exchange market, the domestic unit opened higher at 69.62 against the dollar then rose further to quote at 69.52. The Pair finished trade at par level 69.62/63.
The dollar hovered near a 22-month high against its peers on Wednesday, after strong U.S. housing data further eased concerns of a slowdown in the world's biggest economy.
The dollar hovered near a 22-month high against its peers on Wednesday, after strong U.S. housing data further eased concerns of a slowdown in the world's biggest economy.
Comentários