Mumbai: The Indian rupee Wednesday advanced by 21 paise to close at 69.15 against the US currency in line with uptrend in domestic equities. At the interbank foreign exchange market, the rupee opened at 69.40 a dollar and advanced to a high of 69.07 during the day. It finally settled at 69.15, up 21 paise against its previous close of 69.36. Forex dealers said a positive sentiment built up ahead of a scheduled meeting at G20 between US President Donald Trump and his Chinese counterpart Xi Jinping, later this week. Also Read – Maruti cuts production for 8th straight month in SepMeanwhile, US Treasury Secretary Steven Mnuchin’s comments eased concern over the trade impasse with China to some extent. Besides, traders said, gains in domestic equities, foreign fund inflows and latest news on monsoon progress also helped in reviving domestic currency market sentiment. However, rising crude oil prices and strengthening of the US dollar vis-a-vis other major currencies overseas capped the gains for the rupee. Brent crude futures, the global oil benchmark, rose 1.38 per cent to USD 65.95 per barrel. The dollar index, which gauges the greenback’s strength against a basket of six currencies, rose 0.11 per cent to 96.24. Meanwhile, Financial Benchmark India Private Ltd (FBIL) set the reference rate for the rupee/dollar at 69.3398 and for rupee/euro at 79.0525.
AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email by David Friend, The Canadian Press Posted Aug 6, 2013 9:19 am MDT TORONTO – The Canadian dollar moved slightly higher on Tuesday after a report showed the country’s trade deficit shrank for June.The loonie ended the session ahead 0.13 of a cent to 96.38 cents.Statistics Canada said the trade deficit was $469 million in June, a decline from a revised $781 million deficit a month earlier. The agency had originally reported the May deficit was $303 million.Meanwhile, south of the border, the U.S. trade deficit narrowed sharply in June to its lowest level in more than 3 1/2 years. Exports rose to all-time high and imports declined, signs that economic growth is stronger than previously thought.The U.S. Commerce Department says the June deficit fell 22.4 per cent to $34.2 billion. That’s the lowest since October 2009 and down from May’s imbalance of $44.1 billion, which was revised down.In commodities, December bullion pulled back $19.90 to US$1,282.50 an ounce, falling to its lowest level in nearly three weeks. September copper rose half a cent to settle at US$3.17.The September crude contract on the New York Mercantile Exchange moved down $1.26 to settle at US$105.30 a barrel. Loonie shifts higher after trade deficit shrinks in Canada, even more in U.S.