Hopes of easing raised by the Federal Reserve in its minutes of meeting saw the rupee gain, tracking strong gains in the euro.
The rupee gained almost 0.50% to trade at 5.22 against its Wednesday's close of 55.50. Trading however was thin, as forex dealing was affected by the ongoing banking strike.
Dealers says that the rupee would continue to exhibit a more steady trend and may not gain substantially, as crude prices have been rising significantly, which would put pressure on the rupee. Brent crude has rallied in the last few from around the $90 levels to the current levels of $116. India imports 70% of its crude requirements and rising crude would put pressure on the rupee.
Meanwhile, equity markets were trading higher and foreign fund flows have been steady. Foreign fund flows help the rupee to a large extent.
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