Rupee ends weaker despite yuan rally as oil companies, importers capture dollar dip

  • 📰 KitcoNewsNOW
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 78%

مصر أخبار أخبار

مصر أحدث الأخبار,مصر عناوين

Market News

MUMBAI, Sept 11 - The Indian rupee ended weaker on Monday despite a rally in the Chinese yuan and a softer U.S. dollar as the domestic unit's strength was capped by dollar demand from oil companies and importers, traders said.

The dollar index fell 0.2% to 104.6 in Asia and Brent crude futures also softened slightly to $90.39 per barrel. Meanwhile, while the rupee weakened on Monday, India's benchmark Nifty 50 index hit an all-time high above 20,000.The rupee presented attractive dollar buying levels for importers and fresh long USD/INR positions on Monday, the trader added. While the rupee rose to 82.8375 in morning trade, it subsequently shed much of its gains in the face sustained U.S. dollar demand.

India and the United States will release inflation data this week, but Koikarra expects the rupee to have a muted reaction to the domestic data, while the U.S. inflation print could be a notable trigger.

لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

 /  🏆 13. in EG
 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.

مصر أحدث الأخبار, مصر عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Stocks set up for gains amid hopes for soft landing: Stock market news todayUS futures moved higher on Monday as investors weighed Janet Yellen's upbeat remarks on the US economy and as Tesla surged.
مصدر: YahooFinanceCA - 🏆 47. / 63 اقرأ أكثر »

India's Nifty 50 hits record high as local, global investors pile into stocksMarket News
مصدر: KitcoNewsNOW - 🏆 13. / 78 اقرأ أكثر »