In today's early trading, the rupee depreciated by 18 paise to 69.89, and weakness in rupee due to heavy selling in the domestic stock market and the withdrawal of foreign funds showed today. Apart from this, foreign currency traders said, pressure on rupee due to trade war between US-China showed. The weak open in rupee at 69.70 in the interbank forex market. For some time, 18 paise fell to 69.89 compared to the previous closure. The rupee closed at 69.71 against the US dollar on Wednesday.
China has threatened US President Donald Trump, if America increases import duty on Chinese goods, then he will take similar steps. In Washington, on 9-10 May, the Chinese Vice Premier Liu O and the business delegation under the chairmanship of American business representative Robert Lightheiser and US Treasury Secretary Steven Menucin will be in talks.
According to provisional figures, foreign institutional investors (FIIs) pulled out Rs 645.08 crore from the market on a net basis on Wednesday on the domestic front.
Open on Thursday with domestic market weakness. The BSE Sensex fell by 191.71 points to 37,606.72 and the Nifty was trading at 11,304.85 with a decline of 54.60 points. On Wednesday, there was also a sharp drop in domestic share markets.
Foreign currency dealers said that due to the softening of crude oil prices, there was not a huge drop in rupee. Benchmark Brent Crude Futures was trading 0.78 percent lower than $ 70 a barrel.
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China has threatened US President Donald Trump, if America increases import duty on Chinese goods, then he will take similar steps. In Washington, on 9-10 May, the Chinese Vice Premier Liu O and the business delegation under the chairmanship of American business representative Robert Lightheiser and US Treasury Secretary Steven Menucin will be in talks.
According to provisional figures, foreign institutional investors (FIIs) pulled out Rs 645.08 crore from the market on a net basis on Wednesday on the domestic front.
Open on Thursday with domestic market weakness. The BSE Sensex fell by 191.71 points to 37,606.72 and the Nifty was trading at 11,304.85 with a decline of 54.60 points. On Wednesday, there was also a sharp drop in domestic share markets.
Foreign currency dealers said that due to the softening of crude oil prices, there was not a huge drop in rupee. Benchmark Brent Crude Futures was trading 0.78 percent lower than $ 70 a barrel.
For more information Best Top 10 Stock Advisory Company in Indore
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