Wait...
Search Global Export Import Trade Data
Recent Searches: No Recent Searches

Rupee opens flat at 71.75 against dollar.


Date: 22-11-2019
Subject: Rupee opens flat at 71.75 against dollar
The rupee on Friday opened almost flat 71.75 against the US dollar NSE 0.07 %. The local currency on Thursday settled 5 paise higher at 71.76 against the greenback on robust foreign fund inflows.

Rupee consolidated for the whole week in a narrow range of 71.70 and 72.20 despite volatility in domestic and global equities. Weaker-than-expected IIP and inflation released at the start of the week did disturb the broader sentiment but at the same time broader weakness in the dollar kept the losses capped for the currency.

On the domestic front, market participants will be shifting focus on the Q2 GDP number that will be released next week. Weaker-than-expected growth number could keep the rupee under pressure.

"Today, USDINR pair is expected to quote in the range of 71.70 and 72.20,” Motilal Oswal Financial Services NSE 0.34 % said in a report

Dollar gained after remaining under pressure in the last few sessions after Philly Fed manufacturing Index in November rose to 10.4 compared to 5.6 in the previous month. On the other hand, Euro was weighed down ECB meeting minutes showed that Mario Draghi signed off with a call for unity on its main aim of boosting inflation, even as some policymakers pleaded for a “wait and see” approach.

Today, from the Euro zone, preliminary manufacturing and services PMI number will be released and better-than-expected number could keep the currency supported at lower levels.

Source: economictimes.indiatimes.com

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Both
 Buyers
 Suppliers
 Both
OR
 Exim Help
6
+
1


What is New?

Date: 28-02-2025
Notification No. 12/2025-CUSTOMS (N.T.)
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver- Reg.

Date: 14-02-2025
Notification No. 10/2025-CUSTOMS (N.T.)
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver- Reg.

Date: 13-02-2025
Notification No. 14/2025-Customs
Seeks to amend Notification 11/2021-Customs dated 01.02.2021 to amend AIDC rate on Bourbon whiskey

Date: 11-02-2025
NOTIFICATION No. 09/2025–Central Tax
Seeks to bring rules 2, 8, 24, 27, 32, 37, 38 of the CGST (Amendment) Rules, 2024 in to force

Date: 03-02-2025
[F. No. CBIC-190354/236/2021-TRU]
Corrigendum to Notification No. 50 of 2024 Customs, dated the 30th December, 2024.

Date: 01-02-2025
Notification No. 13/2025-Customs
Seeks to further amend notification No. 153/94-Customs dated the 13 th July, 1994.

Date: 01-02-2025
Notification No. 12/2025-Customs
Seeks to further amend notification No. 19/2019 dated 06 th July 2019.

Date: 01-02-2025
Notification No. 11/2025 – Customs
Seeks to further amend notification No. 25/2002-Customs, dated the 1st March, 2002 so as to add capital goods to the already existing list of capital goods exempted from basic customs duty for manufacture of lithium-ion battery of mobile phones and electrically operated vehicles.

Date: 01-02-2025
Notification No. 09/2025-Customs
Seeks to further amend notification No. 16/2017-Customs, dated the 20 th April, 2017 so to exempt certain drugs for supply under Patient Assistance Programme run by specified pharmaceutical companies.

Date: 01-02-2025
Notification No. 07/2025-Customs
Seeks to further amend notification No. 11/2018-Customs dated 02 th February, 2018 so as to exempt specified goods from the whole of levy of Social Welfare Surcharge.



Exim Guru Copyright © 1999-2025 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.

EximGuru.com

C/o InfodriveIndia Pvt Ltd
F-19, Pocket F, Okhla Phase-I
Okhla Industrial Area
New Delhi - 110020, India
Phone : 011 - 40703001