The Indian rupee little changed at 68.53 pair now at 68.71 against
68.4250 previous close.
Pair to tip in 68.50-68.85 range today.
Dollar/rupee opened up Thursday on buying by PSB banks on behalf
of oil importers even as most await the release of RBI-MPC policy
statement later today. Nationalised banks were buying in spot pair
for oil importers. The dollar index, which tracks the movement of the
greenback against a basket of six major currencies, traded at 97.09
Thursday compared to 97.02 at close of Indian market on
Wednesday.
Global Currency
The euro held firm against the dollar on Thursday as hopes of a trade
deal between the United States and China bolstered risk appetite
globally, while the British pound was buoyed after the UK parliament
approved legislation to seek a Brexit delay. The euro was last up 0.1
percent against the U.S. dollar at $1.1246.
Sterling had edged up 0.25 percent the previous day after Prime
Minister Theresa May said she would seek another Brexit delay to
agree an EU divorce deal with the opposition Labour leader, a lastditch
gambit to break an impasse over Britain's departure.
Global Markets
Oil prices were mixed on Thursday, with Brent edging higher towards
the psychologically important $70 level after easing in the previous
session on data showing a surprise build in U.S. inventories. Brent
futures LCOc1 were up 5 cents at $69.36 a barrel
Gold gained on Thursday, supported by an easing dollar as investors
awaited progress on the ongoing Sino-U.S. trade negotiations after
reports showed that both sides were nearing a deal. Spot gold XAU=
rose 0.2 percent to $1,291.89 per ounce as of 0332 GMT. U.S. gold
futures GCcv1 firmed 0.1 percent at $1,296.90 an ounce.
