Today's Currency News : 05.11.2019
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Rupee trades higher at 70.74 per dollar
The Indian rupee erased its morning losses and trading higher at 70.74 per dollar, with domestic equity market are trading marginally higher. The local currency opened lower by 8 paise at 70.85 per dollar versus previous close 70.77. On November 4, the Indian rupee erased its early gains and ended marginally higher at 70.77 per dollar on the back of sustained foreign fund inflows and hopes of a partial trade deal between the US and China. The Sensex is up 37.84 points at 40,339.80, while Nifty is up 7.20 points at 11,948.50. Gold and Silver prices seen some profit taking in international market as dollar index recovered from crucial support levels of 97. Spot Gold closed around $1510 per Troy ounce and silver closed around $18.06 per troy ounce. Gold and Silver closed with moderate gains in domestic market due to weakness in rupee. Oil prices slipped on Tuesday amid doubts over whether OPEC and other countries will continue to restrain output, edging lower after two days of gains on U.S. economic data and hopes for a Washington-Beijing trade deal.
The Indian rupee erased its morning losses and trading higher at 70.74 per dollar, with domestic equity market are trading marginally higher. The local currency opened lower by 8 paise at 70.85 per dollar versus previous close 70.77. On November 4, the Indian rupee erased its early gains and ended marginally higher at 70.77 per dollar on the back of sustained foreign fund inflows and hopes of a partial trade deal between the US and China. The Sensex is up 37.84 points at 40,339.80, while Nifty is up 7.20 points at 11,948.50. Gold and Silver prices seen some profit taking in international market as dollar index recovered from crucial support levels of 97. Spot Gold closed around $1510 per Troy ounce and silver closed around $18.06 per troy ounce. Gold and Silver closed with moderate gains in domestic market due to weakness in rupee. Oil prices slipped on Tuesday amid doubts over whether OPEC and other countries will continue to restrain output, edging lower after two days of gains on U.S. economic data and hopes for a Washington-Beijing trade deal.