Rupee falls 21 paise against dollar in early trade

Rupee trading weak at 64.48

Rupee trading weak at 64.48

But the continuing political turmoil surrounding US President Donald Trump's recent executive decisions and uncertainty about his economic agenda put the dollar in a spot of bother overseas, which somewhat limited the rupee's slump.

It remained under enormous pressure throughout the day and collapsed to hit sessions' lowest level of 64.91 in late afternoon deal before ending the day at 64.84 with a huge 69 paise slide or 1.06 per cent - the lowest closing since April 5, 2017 when it had settled at 64.87 per dollar.

Bourses continued their historic record run in a choppy session following select buying in front-line counters even as momentum remained unabated despite profit-taking.

Yesterday, the rupee had ended lower by 7 paise at 64.15 due to sustained demand for the greenback from importers.

The domestic unit opened weak by 27 paise at 64.42 at the Interbank Foreign Exchange market today.

In worldwide trade, the greenback traded lower against most major currencies in the midst of United States political unrest.

The dollar index, which tracks the United States currency against a basket of six major rivals, was up 0.27 per cent at 97.61. As a result, safe-haven currencies like the Japanese Yen appreciated in early trade on Thursday.

The benchmark Sensex rose over 76 points to end at a new closing peak of 30,658.77, while broader Nifty gained 13.50 points to settle at a fresh high of 9,525.75.

In the worldwide commodity front, crude prices extended their streak of losses on Thursday as the market remained well supplied with crude despite efforts by OPEC and other big exporters to curb production and support prices.

Notícias recomendadas

  • Arsenal beats Southampton 2-0, climbs into 5th in EPL

    Arsenal beats Southampton 2-0, climbs into 5th in EPL

    Former Arsenal defender Laureano Etamé-Mayer on Wednesday said pressure would not force Arsenal manager Arsene Wenger to resign. Midfielder Alex Oxlade-Chamberlain had picked up a hamstring injury but Wenger said that the injury was not serious.

    Iran reformist drops out of election, supports Rouhani

    Rouhani and Jahangiri have claimed if the hardliners return to power the country will revert to suffocating security atmosphere. Many now believe that the vice president may contest the presidency for real at the next election in 2021.
    Taylor Swift aurait jeté son dévolu sur un jeune acteur — Etats-Unis

    Taylor Swift aurait jeté son dévolu sur un jeune acteur — Etats-Unis

    Ce serait évidemment pour la même raison que la chanteuse enchaînait les aller-retour entre les Etats-Unis et la capitale anglaise.
  • Google Poised to Roll Out Arsenal of Services, Gadgets

    Google Poised to Roll Out Arsenal of Services, Gadgets

    That echoes Amazon's Echo speaker, which was released earlier and so has had more time to acquire a wider range of abilities. For instance, Photos will notice when you take a shot of a friend and nudge you to send it to her, so you don't forget.
    Quelle sera la liste de candidats de La République En Marche — Législatives

    Quelle sera la liste de candidats de La République En Marche — Législatives

    D'autre part, ils sont tenus de le déclarer comme "parti de rattachement" afin que les financements lui reviennent. A huit jours de la fin du dépôt légal des candidatures en préfecture, le 19 mai , le mouvement doit faire vite.
    Parents charged after infant girl suffers over 100 rat bites in Arkansas

    Parents charged after infant girl suffers over 100 rat bites in Arkansas

    They found a bassinet in the living room, where it had been moved Sunday morning from the bedroom in which the couple was staying. Police were called to the hospital after the infant girl's parents brought her in on Sunday, according to KARK in Little Rock .
  • Macron ménage Valls — Législatives

    Macron ménage Valls — Législatives

    Seulement une vingtaine l'ont obtenue jeudi, mais quelque 150 candidats LREM restent à désigner d'ici la semaine prochaine. On doit savoir dans la journée si sa candidature, qui suscite des réticences dans le camp Macron, est finalement retenue.
    Trump says he did not ask Comey for his loyalty -Fox News

    Trump says he did not ask Comey for his loyalty -Fox News

    John Barrasso, a Republican from Wyoming, said he thought Cornyn "would have been a great choice". Cornyn met with top Justice Department officials over the weekend about filling the job.
    Brother of victim in unsolved Rhoden family murders appears in court

    Brother of victim in unsolved Rhoden family murders appears in court

    Manley's sister, Dana Rhoden, was killed in April 2016 along with six other adults and one teenager from the Rhoden family. The judge setting an $80,000 bond, The Associated Press says, an d court records don't indicate if he has an attorney.
  • The Coca-Cola Co (KO) Lifted to B at TheStreet

    The Coca-Cola Co (KO) Lifted to B at TheStreet

    Inc. now owns 139,135 shares of the company's stock worth $5,905,000 after buying an additional 7,418 shares in the last quarter. The Coca-Cola Company (KO) belongs to the "Consumer Goods" sector with an industry focus on "Beverages - Soft Drinks", with Mr.
    Haryana HBSE Class 12th results declared on official website: Check it here

    Haryana HBSE Class 12th results declared on official website: Check it here

    The Haryana Board of School Education is ready to declare the board exam results for the Class 12 on Thursday morning. This year, the Haryana Board has done commendable work in ensuring that the BSEH 12th Result 2017 comes out on time.
    'Healthy' obese people still at higher risk of CVD events

    'Healthy' obese people still at higher risk of CVD events

    There is a point that weightlifters could be healthy and yet have a BMI that suggested they were obese. The findings held true also when factors such as smoking were taken into account.

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.