The partially convertible Indian rupee slipped on Monday in the Interbank Foreign Exchange market due to demand from oil refiners and persistent demand for dollars from banks and importers.
Demand of dollar from banks and importers is leading to a further fall in the rupee against the greenback. The falling rupee will put more pressure on the oil bill which is expected to widen.
The currency was seen range bound between 49.87 per dollar and 50.01 per dollar during the morning session.
The Indian rupee opened at 49.92 per dollar versus 49.84 on Friday. At 12.30 pm IST the rupee was seen trading at 49.92 lower by Rs 0.08.
Meanwhile, stock markets were volatile after the release of IIP data which came in at 6.8% much higher than expected. The BSE was seen up by 71 points. The 50-share NSE Nifty up by 18 points.
GoodReturns.in
Notifications
Settings
Clear Notifications
No New Notifications
Notifications
Use the toggle to switch on notifications
Block for 8 hours
Block for 12 hours
Block for 24 hours
Don't block
To start receiving timely alerts, as shown below click on the Green “lock” icon next to the address bar
Click it and Unblock the Notifications
Close X
Close X
To Start receiving timely alerts please follow the below steps:
Click on the Menu icon of the browser, it opens up a list of options.
Click on the “Options ”, it opens up the settings page,
Here click on the “Privacy & Security” options listed on the left hand side of the page.
Scroll down the page to the “Permission” section .
Here click on the “Settings” tab of the Notification option.
A pop up will open with all listed sites, select the option “ALLOW“, for the respective site under the status head to allow the notification.
Once the changes is done, click on the “Save Changes” option to save the changes.
Click it and Unblock the Notifications
Sign in with Google