The rupee settled at 69.4250 against 69.4050 at the previous close. The local unit moved in 69.2875 -69.46 per dollar band intra-day.
Dollar/rupee ended lower on Tuesday evening on improved risk appetite of the investors as the US-China trade tension eased. Non-deliverable forwards (NDF) traded down tracking the movement in spot. NDF dollar/rupee maturing in one month traded at Rs 69.57/$1 during European trades and Rs 69.60/$1 at the start of Indian market Tuesday. The pair traded at Rs 69.72/$1 at close of Indian market on Monday. The spot pair traded at Rs 69.33/$1 compared to its open of Rs 69.37.
The dollar remained not far off a five-week low against the yen on Tuesday, after worries about U.S.-China trade tensions rekindled fears about the outlook for global growth. The greenback kept largely to familiar ranges against most major peers, even as comments from top U.S. trade officials that China had moved away from trade-related commitments weighed on U.S. bond yields and stock futures.
The euro had fallen just under half a cent late on Sunday after Trump threatened to raise existing tariffs on $200 billion of Chinese imports from 10% to 25%, and to levy new tariffs of 25% on a further $325 billion so far unaffected by the U.S.-China trade dispute.
Gold prices edged higher on Tuesday as investors moved away from riskier assets after U.S. President Donald Trump threatened to hike tariffs on Chinese imports, resurfacing trade tensions and in turn lifting demand for the safe-haven metal.
Oil prices fell on Tuesday as renewed doubts over U.S.-China trade talks stoked concerns over global growth, but U.S. sanctions on Iran and Venezuela tightened supply and helped to stem losses.
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