The rupee settled at 69.09 against 69.3525 at the previous close. The
local unit moved in 69.04 -69.3325 per dollar band intra-day.
Dollar/rupee ended at fresh seven-month low Friday on selling by
foreign banks likely on behalf of overseas investors who injected
funds into local stocks amid a subdued greenback, doller remained
subdued after US weak economic data weighing the spot pair.
Dollar/rupee in the offshore market traded down during afternoon
trades on Friday tracking the movement in spot pair. However, a
delay in the date of Brexit will require the agreement of the other 27
European Union members
Global Currency
The dollar slipped against its rivals on Friday and was set for its
biggest weekly drop in more than three months before a U.S. central
bank meeting next week where policymakers will shed more light on
the outlook for interest rates. Against its rivals .DXY , the dollar fell
0.2 percent to 96.61 in early London trading. For the week, it is set to
weaken 0.7 percent, its biggest drop since early December.
The British pound is drifting lower against the dollar and euro early
Friday in Europe, consolidating this week’s gains as the market takes
stock of a tumultuous few days in the Brexit process. Prime Minister
May is preparing to ask lawmakers to vote on her twice-defeated
Withdrawal Agreement with the EU for third time next Wednesday.
Global Markets
Oil prices edged up on Friday, with U.S. crude climbing to its highest
so far this year as production cuts led by OPEC and U.S. sanctions
against Venezuela and Iran likely created a slight deficit in global
supply in the first quarter.
Gold rose on Friday, recovering from the previous session's sharp
fall, as the dollar dipped and mounting concerns about a slowdown
in global economic growth buoyed demand for the safe-haven metal.
