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Rupee snaps 3-day depreciating streak on Thursday
Apr-18-2019

Reversing its three-session fall, the rupee bounced back to end higher against the US currency on Thursday, on persistent selling of the American currency by exporters. Sentiments turned optimistic with report that investments through participatory notes (P-notes) in domestic capital market rose to Rs 78,110 crore at the end of March, amid positive market sentiments. As per the latest SEBI data, the total value of P-note investments in Indian markets -- equity, debt, and derivatives -- stood at Rs 78,110 crore till March-end. However, dollar’s strength against major global currencies overseas along with losses in the domestic equity market restricted the further up move. On the global front, euro fell to a one-week low on Thursday after weak manufacturing surveys in Europe raised concerns about an economy struggling to gain traction before the long Easter weekend.

Finally, the rupee ended at 69.35, 25 paise stronger from its previous close of 69.60 on Tuesday. The currency touched a high and low of 69.61 and 69.33 respectively. The reference rate for the dollar stood at 69.41 and for Euro stood at 78.43 on April 18, 2019. While the reference rate for the Yen stood at 62.04, the reference rate for the Great Britain Pound (GBP) stood at 90.55.

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