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Indian Rupee Ends Lower at 95.96 Against Dollar

Indian Rupee Ends Lower at 95.96 Against Dollar
Rupee drops by 7 closes unchanged at 95.96 against US dollar · thehindubusinessline.com

The Indian rupee became slightly weaker against the US dollar on Friday.

It ended the day at 95.96 rupees for one dollar.

The rupee initially improved and reached 95.71.

Later, it lost those gains as the dollar became stronger.

High crude oil prices also put pressure on the rupee.

Stronger Indian share markets and money flowing into Indian investments helped limit the decline.

The dollar index rose during the day.

Foreign investors bought more Indian shares than they sold.

Key facts

Closing exchange rate
₹95.96 per US dollar
Daily movement
The rupee fell 7 paise
Opening rate
₹95.75 per US dollar
Intraday high
₹95.71 per US dollar
Dollar Index
100.39, up 0.24%
Brent crude
$104.60 per barrel, down 0.19%
Foreign investor flows
Net equity inflow of ₹599.54 crore
Analyst forecast range
USD-INR spot expected between ₹95.65 and ₹96.15

Quotes

Anuj Choudhary

Research Analyst at Mirae Asset Sharekhan

“Traders may take cues from industrial production data from the US. USD-INR spot price is expected to trade in a range of ₹95.65 to ₹96.15.”
thehindubusinessline.com

Sources

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