Udayavni Special

Rupee dives 29 paise against US dollar


Team Udayavani, Dec 27, 2018, 6:20 PM IST

Mumbai: The rupee tumbled by 29 paise to 70.35 against US dollar Thursday amid strengthening of the greenback even as crude oil prices eased.

Brokers said the US dollar firmed up against major global currencies following easing of tensions between the White House and the Fed, which calmed investors’ nerves.

Progress in US-China trade negotiations and strong consumer spending data in the US added to the momentum, they added.

At the Interbank Foreign Exchange, the rupee opened sharply lower at 70.27 a dollar against its previous close of 70.06. The domestic unit moved in a range of 70.39 to 70.18 during the day, before closing at 70.35.

Brent crude futures dropped 3.78 per cent to USD 53.20 per barrel.

On a net basis, foreign portfolio investors (FPIs) bought shares worth Rs 80.28 crore Wednesday, while domestic institutional investors (DIIs) were net sellers to the tune of Rs 137.63 crore, provisional data available with BSE showed.

Meanwhile, the BSE benchmark Sensex jumped 157 points Thursday amid expiry of December series derivatives contracts and positive global cues.

The Financial Benchmark India Private Ltd (FBIL) set the reference rate for the rupee/dollar at 70.3270 and for rupee/euro at 80.0223. The reference rate for rupee/British pound was fixed at 88.9829 and for rupee/100 Japanese yen at 63.25.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

Nikhil Kumaraswamy tests Covid positive on first wedding anniversary

COVID: Hazrat Nizamuddin Aulia Dargah to remain closed till April 30

Joona Akhara announces end of its participation in Kumbh Mela

Prince Philip laid to rest in Royal Vault at Windsor Castle

Karnataka reports biggest single day spike of 17,489 COVID cases, 80 deaths

Queen sits alone at funeral for Prince Philip to set example

Dog tied to scooter,dragged on road in Kerala; cops register case




Related Articles More

US keeps 11 countries including India, China, Japan in currency practices monitoring list

Altbalaji aims to double subscribers in 2021

Businesses owned by women entrepreneurs likely to grow up to 90% in next 5 yrs in India: Study

Second wave of COVID-19 poses risk to economic recovery; Q4 GDP to be hit: Report

Vodafone Idea makes full payment to DoT with interest following showcause notice

MUST WATCH

George Kadiyali | Can We Grow More Food on Less Land?

Udayavani 17-April-2021 News Bulletin

The fear of Covid 2nd Wave!!

Congress Karyakartas accuses police

Success story of a retired teacher in Betel Leaf Farming | Betel Leaf Cultivation

Latest Additions

Nikhil Kumaraswamy tests Covid positive on first wedding anniversary

COVID: Hazrat Nizamuddin Aulia Dargah to remain closed till April 30

Joona Akhara announces end of its participation in Kumbh Mela

Prince Philip laid to rest in Royal Vault at Windsor Castle

Karnataka reports biggest single day spike of 17,489 COVID cases, 80 deaths

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.