The rupee today rebounded from near 18-month lows to close with gains of 8 paise at 68.34 against the US dollar as the greenback fell against global currencies.
The rupee plummeted by 38 paise to hit a near 18-month low of 68.42 against the US dollar following relentless capital outflows amid concerns over macro conditions and surging crude oil prices.
The rupee staged a mild recovery after two sessions of decline and edged higher by 8 paise to end at 68.04 against the US dollar on fresh selling of the American currency by banks and exporters.
Growth in the German economy, Europe’s biggest, remains robust but the underlying momentum has likely weakened and the risk of a global trade war remains, the Bundesbank said.
The rupee lost another 12 paise to close at fresh 16-month low of 68.12 against the US currency on sustained dollar demand from importers and corporates.
The rupee witnessed a virtual free fall plummeting sharply by a staggering 67 paise to end at a fresh 16-mth low of 68 against the US currency on heavy dollar demand amid global macro challenges.
The rupee once again turned shaky and plunged by 30 paise to end at a fresh 16-month low of 68 against the US currency on renewed dollar buying interest amid global macro challenges.
Belying fears about surging crude prices, the rupee managed to hold its ground against the US currency for the second-straight day, gaining by 10 paise to end at 67.70 a dollar.
U.S. stock index futures were little changed on Wednesday as investors assessed the impact of a surge in bond yields, while growing doubts about the U.S.-North Korea summit also weighed.
The rupee went into a tailspin by plunging 56 paise today, the second biggest single-day fall of 2018, to end at a new 16-month low of 68.07 as panic dollar demand rattled currency market.
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Approved buyback of 29 Lk shares amounting Rs 200.2 Cr
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Order requires closure of unit with immediate effect
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Deal Value at Rs 643 Cr