Bookmark Kaumudi Online  Bookmark this site  Editor@Kaumudi  |  Marketing  Print Advt rates  |  Calendar 2018        Go!    
 
 
February 20, Tuesday 2018 7:10 PM       

       HEADLINES: SC likely to hear Priya Varrier's plea today                                              Youth commits suicide by jumping into backwater                                              CM doesn’t relent, Private bus operators finally give up strike                                              CPM has turned into terror group: Chennithala                                              No intention to reveal name of minister who kissed my palm: Former PRD official                                              All Lights India International Film Festival (ALIIFF) 2018: Entries invited                                              I'm in politics because AIADMK is bad: Kamal Haasan                                              AAP MLAs allegedly assault Delhi Chief Secretary in CM’s presence                                              Kothari not detained, but being questioned: CBI                                              Regime forces kill 77 in Syria                                              Explosion in Jalalabad kills three                                              Khaleda Zia case: No trust existed when grant came in 1991                                              Sardar Singh to lead India in Sultan Azlan Shah Hockey Cup                                              I-League: Minerva face daunting task against Gokulam                                              Federer starts fourth stint as World No.1                                              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
Rotomac case: IT dept. attaches 14 bank accounts  
Lakme Fashion Week, WeWork kickstart fashion Incubation program  
Finway Capital empowers borrowers with easy access to funds  
Rajesh Kakkar is offshore director of ONGC  
Glitches in GSTN remain cause of concern  
Post bank scams, Sensex tanks 462.10pts  
'Maharashtra has great business potential'  
Sensex drops 195 pts, Nifty below 10,400  
Reliance to invest 60,000 cr in Maharashtra  
Retailers accused of levying GST over MRP  
Citizens urge reduction of GST on sanitary napkins  
India, Iran sign double taxation pact  
Refer to these fintech startups for range of medical loans  
SBI launches Global NRI Center to enhance customer experience  
Nifty drops 93 points, ends below 10,500  
Will ask visually challenged to examine new notes: HC  
US dollar ends higher against rupee  
Controversial Economist predicts that India could dethrone western wealth and power  
TCS launches Enterprise Data Lake on Amazon Web  
Budget 2018: Arun Jaitley's education reforms pave way for quality education  
Sensex rises over 200 points, Nifty near 10600  
Sensex extends rally, rises 173 pts on positive macro data  
PM woos investors at Oman-India business meeting  
No change in foodgrain prices  
Punjab National Bank detects $1.77 billion worth of fraudulent transactions, CBI probe ordered  
 
Do you think the arrested persons in Shuhaib murder case are real culprits?
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