For Quick Alerts
For Daily Alerts

Rupee Opens Lower At 69.61 Even As Crude Oil Softens


In a holiday-truncated week, the rupee resumed trade on a weak note. The rupee opened lower at 69.61 as against Tuesday's close of 69.566 against the greenback.

Rupee Opens Lower At 69.61 Even As Crude Oil Softens

Oil prices slipped in Thursday's trade after data pointed at record production of US crude, resulting in an increase in the stockpile. Nonetheless, outside of the US, oil markets remained under pressure after exemptions to US sanctions on Iran end today. Further OPEC continues to withhold the supply of oil and to worsen the situation the political crisis in Venezuela deepens.

Fed also announced its key policy decision on Wednesday and as expected held interest rates steady and maintained a cautious outlook on inflation.

Meanwhile, the Indian equities after a status quo by Fed Reserve are expected to open in the red tracking subdued Asian markets.

Company Search
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more