Rupee to Rs 75.11 against US Dollar

Mumbai, February 17, 2010 (FBC) The US dollar fell to 75.11 on Thursday as foreign exchange flows and geopolitical tensions pushed investors to secure assets.

According to foreign exchange traders, higher crude oil prices and a faster rise in the US Federation were expected to weigh on the local unit.

In Interbank foreign exchange, the rupee opened at 74.94 against the US dollar, but later fell to 75.18 behind the green.

The local area is down by 75.11, down by 2 paise from the previous close of 75.09.

Meanwhile, the dollar index measured the strength of the green back against six currencies, trading 0.15 percent higher at 95.84.

Delip Parmar, research analyst, HDFC guarantees At the March meeting, the federation continues to speculate that the area is currently struggling at a psychological level of 75.

Spot USDINR is expected to gain support in the range of 74.90 to 75, but 75.70 remains the biggest hurdle, Parmar added.

The White House said on Wednesday that Russia’s invasion of Ukraine could take place at any time, with President Joe Biden announcing plans to bring world leaders together in Moscow to attend a conference in Munich.

White House press secretary Jane Pasaki predicted an attack could happen at any time.

“Russia was a little weak in the trading session on Thursday. Rupee initially began to notice the weakness of the dollar after investors saw the federation’s minutes as dowsish,” said Sherram Iyer, a senior researcher at Riley. Warranties.

However, after a short period of appreciation, the rupee gave up everything it had and ended up in a weakened appetite due to renewed geopolitical fears between Ukraine and Russia.

In addition, Asian currencies were weak against the dollar on Thursday and were emotionally weighed.

Investors will continue to worry until tensions in Eastern Europe subside.

“Rupee traded fluctuations between 74.95-75.25, fluctuating throughout the day, uncertainties between Russia and Ukraine and sharpening Fed minutes.

In front of the domestic equity market, the 30-share Sensex is up 104.67 points or 0.18 percent lower at 57,892.01, the broader NSE Nifty 17.60 points or 0.1 percent at 17,304.60.

Brent crude futures fell 1.61 percent to $ 93.28 a barrel.

External institutional investors lost 1,242.10 Rs worth of shares, according to stock exchange data. PTI DRR MR MR

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