Best forex robot Rupee settles 70 paise lower at 76.34 vs dollar thumbnail

Best forex robot Rupee settles 70 paise lower at 76.34 vs dollar

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Best Forex (Click Here For Best Forex Techniques) robot Forex (Click Here For Best Forex Techniques) traders stated rising brent prices and company US dollar index also weighed on the local system.

PTI|

Last Updated: Apr 08, 2020, 03.36 PM IST

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At the interbank foreign exchange, the rupee opened weak at 75.83, then lost additional ground and finally gone for the day at 76.34, registering a fall of 70 paise over its previous close.

Mumbai: The Indian rupee settled 70 paise lower at 76.34(provisional) versus the US dollar on Wednesday amidst rise in coronavirus cases in the country and weak domestic equities.

Forex traders stated rising brent costs and company US dollar index likewise weighed on the regional system.

At the interbank foreign exchange, the rupee opened weak at 75.83, then lost more ground and finally gone for the day at 76.34, registering a fall of 70 paise over its previous close.

On Tuesday, the rupee had actually settled at 75.64 against the US dollar.

Domestic bourses were trading on a negative note on Wednesday with benchmark indices Sensex was trading 177.93 points lower at 29,88928 and Nifty down by 73 points at 8,71920

The Reserve Bank of India (RBI) has decreased the timing of market hours for call money market, government securities market and currency market from April 7 to April 17 (from 10 am to 2 pm) following the extraordinary circumstance that has actually emerged due to the spread of coronavirus.

Traders said financier beliefs stay delicate amidst concerns over the effect of coronavirus outbreak on the domestic along with global economy.

There are more than 14.30 lakh stated cases of coronavirus worldwide. In India, the tally of verified coronavirus cases has crossed the 5,000- mark.

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