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Rupee dips on month-end dollar demand

By Religare

The Indian rupee depreciated by 0.14 paise to Rs 65.9150 against the US dollar on Tuesday as a result of month-end dollar buying by importers as well as a lower opening at the domestic equity market. Meanwhile, government bond yields are expected to fall on expectations of a rate cut by the Reserve Bank of India (RBI) in its bimonthly monetary policy review on September 29, 2015. At MCXSX, USDINR for September 2015 contract traded at Rs. 65.9150 per dollar, rupee depreciated by 0.14 paise, after opening at Rs. 65.7975 against the previous closing price of Rs. 65.8200. Rupee declined to Rs. 65.9325 per dollar with a business volume of 993024 lots till the trading. (At 2.44 PM today).


At the Chicago Mercantile Exchange (CME), EURUSD future traded at US$1.1190 per euro (USD depreciated by 0.02 per cent against EUR) and GBPUSD future traded at US$1.5468 per pound (USD appreciated by 0.26 per cent against GBP) (At 2.44 PM today).

S&P CNX NIFTY, at NSE, was trading at 7,833.60, down by 1.80 per cent, after opening at 8,014.80 against the previous closing of 7,977.10. It touched the intra-day low of 7,818.10 till the trading. (At 2.44 PM today).

Story first published: Tuesday, September 22, 2015, 23:00 [IST]
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