Bookmark Kaumudi Online  Bookmark this site  Editor@Kaumudi  |  Marketing  Print Advt rates  |  Calendar 2018        Go!    
 
 
June 22, Friday 2018 3:34 AM       

       HEADLINES: Cheriyan Philip to be Mission coordinator                                              Chengannur by-election: Congress man arrested for spreading controversial phone message                                              Collector seeks legal advice on demolishing check dams                                              Keralites jailed for cyanide poisoning                                              No one should try to hijack yoga, says CM                                              Yoga powerful unifying force in strife-torn world, says Modi                                              Swaraj, Sitharaman to visit US for 1st 2+2 dialogue                                              HC asks for details of physiotherapy facilities in Tihar Jail                                              Lanka thanks PM Modi for grants to run free ambulance service                                              Pak steps up security prior to assembly elections                                              Kidambi Srikanth named Sports Illustrated Sportsperson of the Year                                              Ronaldo aging like 'port wine' at fourth World Cup                                              Pressure on Messi against Croatia after Ronaldo scores again                                              FIFA WC: Mbappe's goal takes France into knockout stages                                              Kaumudi Facebook
       BUSINESS Next Article: Denial of benefit over lack of Aadhaar is breach of norms  
       Rupee wobbles on global tensions, dives 21 paise to 63.84
 
         Posted on :00:20:03 Aug 10, 2017
   
A A
       Last edited on:00:20:03 Aug 10, 2017
         Tags: Rupee wobbles on global tensions, dives 21 pa
 
Mumbai: Amid heightened global uncertainties, the rupee today retreated sharply by 21 paise to end at 63.84 against the American currency due to fresh demand for the greenback from importers and banks.
 
Simmering geopolitical tensions took centre-stage once again following hardening of stand by both the US and North Korea, dampening forex market sentiment.
 
A modest pick-up in the dollar demand, amid growing conviction that the Fed remains on track to raise interest rates further in 2017, largely put pressure on the local currency.
 
Domestic bourses too found the going tough and posted the third straight session of losses.
 
The domestic currency had recovered 17 paise yesterday.
 
The rupee today opened lower at 63.78 from overnight close of 63.63 at the interbank foreign exchange (forex) market on intense dollar pressure and also subdued equities.
 
Amid anxiety among currency speculators and traders, the rupee kept descending and traded substantially weak throughout the day before ending at 63.84, showing a sharp loss of 21 paise, or 0.33 per cent.
 
The local currency had touched a fresh 2-year high of 63.58 last Friday.
 
The RBI, meanwhile, fixed the reference rate for the dollar at 63.7491 and for the euro at 74.8606.
 
Domestic stocks remained under intense selling pressure for the third consecutive session, dragged down by financial and healthcare stocks on the back of escalating tensions on the Korean peninsula amid concerns that market regulator Sebi will continue to clamp down on shell companies.
 
The dollar index, which measures the greenback's value against a basket of six major currencies, was up 93.51.
 
In cross-currency trades, the rupee fell back against the pound sterling to finish at 82.93 from 82.88 per pound and also dropped further against the Japanese yen to settle at 58.17 per 100 yens from 57.68 earlier.
 
It remained firm against the euro to close at 74.93 from 75.16 yesterday.
 
In worldwide trade, the dollar was little changed against other major currencies on Wednesday, as fresh tensions between the US and North Korea dampened market sentiment, while recent upbeat US data continued to support the greenback.
 
In forward market today, premium for dollar continued to rule weak owing to sustained receivings from exporters.
 
The benchmark six-month premium payable in January edged down to 134-135.50 paise from 135.25-137.259 paise and the far forward July 2018 contract also eased to 266.50-268.50 paise from 268.25-270.25 paise.
A A
       BUSINESS
Next Article: Denial of benefit over lack of Aadhaar is breach of norms
 
 
BUSINESS HEADLINES
Adani Transmission acquires 100% equity in Ghatampur SPV  
Air India set to have 'Maharaja' class seats on international flights  
Sensex gets a buying lift, up 123 pts; RIL at new high  
Aviation Ministry committed to strategic disinvestment of Air India  
Exempted sectors should come under GST: Arvind Subramanian  
Bajaj Finserv offers pre-approved personal loan to customers  
US dollar ends cheaper against rupee  
Pradeep Parameswaran appointed Uber President- India, South Asia  
Google announces training programme for journalists  
Sensex tanks 261 pts as US-China trade spat escalates  
US dollar ends higher against rupee  
WhatsApp Payments to be rolled out soon: here is how it's different from competition  
Ayushman Bharat: Only half the states ready to launch scheme on August 15; UP Bihar & West Bengal not prepared yet  
Audi boss arrested over diesel scandal  
India, US officials to meet soon to discuss concerns of both sides: Prabhu  
Rupee dives to 3-week low at 68.01 on macro-liquidity shocks  
Gold rises on mild demand, silver surges for 8th session  
AFT directs govt to remove anomaly in HRA  
Grand Finale of Smart India Hackathon from June 18-22  
GST refund drive extended till June 16  
Ind-Swift Laboratories raises Rs 424.5 crore via NCDs  
RBI needs more powers to oversee PSB: Guv to panel  
RBI Guv appears before Par panel; assures steps to strengthen banking system  
India decision to increase tariff on apples to hit US growers, say Congressmen  
Snapdeal launches special store for Father's Day Gifting  
 
Should Yoga be made compulsory in all schools?
Yes
 
No
 
No opinion
 
 
 
Home Kerala India World Business Sports Sci&Tech Education Automobile CityNews Movies Environment Letters 
© Copyright keralakaumudi Online 2011  |  Reproduction in whole or in part without written permission is prohibited.
Head Office Address: Kaumudi Buildings, Pettah P.O, Trivandrum - 695024, India.
Online queries talk to Deepu Sasidharan, + 91 98472 38959 or Email deepu[at]kaumudi.com
Customer Service -Advertisement Disclaimer Statement   |  Copyright Policy