Trade Nivesh The positive effect on the trade deal between the US and China had a good effect on the rupee. It rose eight paise to 71.23 against the US currency in early trade on Tuesday.
According to media reports, China's Deputy Prime Minister Liu will accompany the delegation to Washington. Liu is China's top negotiator in the ongoing trade talks with the US. It is believed that during his visit to America, he will sign the first phase of the trade agreement. Currency traders said that weakness in the dollar against other major foreign currencies also supported the rupee.
However, the rupee remained under pressure due to the rise in crude oil and a weak start of the domestic stock market. The rupee opened at Rs 71.28 per dollar in the interbank foreign exchange market. Then reached Rs 71.23 in early trade. This was going up by eight paise from the previous bandh.
The rupee had closed at Rs 71.31 per dollar on Monday. According to preliminary data available with the stock market, foreign portfolio investors sold shares worth a net Rs 130.52 crore on Monday. In the international mineral oil market, Brent crude oil futures were up 0.41 percent at $ 68.44 a barrel.
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According to media reports, China's Deputy Prime Minister Liu will accompany the delegation to Washington. Liu is China's top negotiator in the ongoing trade talks with the US. It is believed that during his visit to America, he will sign the first phase of the trade agreement. Currency traders said that weakness in the dollar against other major foreign currencies also supported the rupee.
However, the rupee remained under pressure due to the rise in crude oil and a weak start of the domestic stock market. The rupee opened at Rs 71.28 per dollar in the interbank foreign exchange market. Then reached Rs 71.23 in early trade. This was going up by eight paise from the previous bandh.
The rupee had closed at Rs 71.31 per dollar on Monday. According to preliminary data available with the stock market, foreign portfolio investors sold shares worth a net Rs 130.52 crore on Monday. In the international mineral oil market, Brent crude oil futures were up 0.41 percent at $ 68.44 a barrel.
Enquiry Form Submission :- F&O, MCX, Equity
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