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Rupee Closes Decrease At 69.50 Towards Greenback


Snapping its two-session gaining streak, the rupee dived by 16 paise to shut at 69.50 in opposition to the greenback on Thursday amid a pointy rise in crude oil costs. Brent crude futures, the worldwide oil benchmark, soared 3.84 per cent to $62.27 per barrel after assaults on two oil tankers within the Gulf of Oman triggered fears of provide disruptions. The rupee opened at 69.33 per greenback and fell additional to the touch a low of 69.56 on the interbank international alternate market. The native unit lastly settled at 69.50, down by 16 paise over its earlier shut. The rupee on Wednesday closed at 69.34 in opposition to the greenback.

Overseas traders bought shares value a web Rs 172.35 crore on Thursday, provisional alternate information confirmed. The 10-year authorities bond yield was at 7.01 per cent on Thursday. The greenback index, which gauges the dollar’s power in opposition to a basket of six currencies, was buying and selling 0.04 per cent decrease at 96.96.

In the meantime, home fairness benchmark BSE Sensex ended marginally decrease after a see-saw session on Thursday.

After plunging over 300 factors throughout the day, the BSE gauge pared most losses to settle 15.45 factors, or 0.04 per cent, decrease at 39,741.36. The broader NSE Nifty inched up 7.85 factors, or 0.07 per cent, to shut at 11,914.05.

The Monetary Benchmark India Personal Ltd (FBIL) set the reference charge for the rupee/greenback at 69.4048 and for rupee/euro at 78.7000. The reference charge for rupee/British pound was mounted at 88.3282 and for rupee/100 Japanese yen at 64.07.

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