Rand strengthens against the US Dollar

11 Juillet, 2019, 16:23 | Auteur: Auguste Feret
  • Rupee rebounds by 23 paise against USD

According to Rushabh Maru, research analyst at Anand Rathi Shares and Stock Brokers, pressure on crude oil prices also supported the rupee.

The rupee on Thursday moved in a range of 35 paise against dollar.

World stocks rose and emerging market currencies appreciated after US Federal Reserve Chairman Jerome Powell told a Congressional committee that the central bank is ready to "act as appropriate" to boost growth amid multiple headwinds, bolstering hopes of a rate cut as early as this month.

The rupee had rebounded by 15 paise to close at 68.51 against the greenback on Tuesday on fag-end selling of the U.S. currency by banks and importers in line with a late recovery in domestic equities.

The rupee opened at 68.31 a dollar and touched a high of 68.30 - a level last seen on 2 August 2018.

In an appearance before his Congressional overseers on Wednesday, Powell confirmed that the USA economy is still under threat and that the central bank stands ready to "act as appropriate".

Les États-Unis ouvrent une enquête sur la taxe GAFA
Ce dernier estime que " les services concernés sont ceux où les entreprises américaines sont des leaders mondiaux. Selon Reuters , Donald Trump a ordonné l'ouverture d'une enquête sur le texte français.

Telstra outage: EFTPOS machines and ATMs down across the country
A massive Telstra fault is causing chaos across Australia with thousands of ATMs down and payments rejected at major retailers. Affected customers have been urged not to contact ComBank's call centre due to the high amount of calls they are receiving.

Lata Mangeshkar bats for MS Dhoni
Soon, fans started fearing that they might have seen the last of Dhoni as he could announce his retirement in the coming future. Legendary singer, the lady who has been called India's "nightingale" Lata Mangeshkar has requested Dhoni not to quite the game.

However, strong U.S.jobs data on Friday all but ended expectations of a bold interest rate cut from the Fed at its meeting this month, leaving investors in search of hints on where rates are headed.

Foreign institutional investors (FIIs) remained net sellers in the capital markets, pulling out Rs 674.26 crore Tuesday, provisional data with the exchanges showed.

After swinging almost 400 points during the day, the 30-share BSE Sensex settled 173.78 points or 0.45 per cent lower at 38,557.04.

The dollar index, which measures the U.S. currency's strength against a basket of major currencies, was at 96.906, down 0.2% from its previous close of 97.104. Similarly, the broader NSE Nifty climbed 84 points, or 0.73 per cent, to 11,582.90.

Brent crude futures, the global oil benchmark, spurted 0.24 per cent to Dollars 67.17 per barrel amid reduced USA inventories and geopolitical tensions.

In debt markets, the yields on the 10-year government bonds were fall 0.20 percent to 6.56 percent from its previous close of 6.54 percent.

Conseillé:



Populaire

Veteran British actor Freddie Jones has died aged 91
Mr Jones was most recently known for playing Sandy Thomas in the soap until 2018. He was also the father of the actor Toby Jones . Lynch tweeted a tribute to Jones on Wednesday.

Tour de France: une première arrivée au sommet pour les coureurs (direct)
Le paysage est planté, les coureurs auront fort à faire pour rallier l'arrivée dans cette étape montagneuse de 160.5 kilomètres. Depuis 2012 (victoire de Chris Froome), le Tour est déjà revenu deux fois, en 2014 (Vincenzo Nibali) et 2017 (Fabio Aru).

7-foot-6 Tacko Fall is an NBA Summer League sensation
The Celtics made SIX selections in 2016: Jaylen Brown , Yabusele, Ante Zizic, Demetrius Jackson, Ben Bentil and Abdel Nader. The Boston Celtics waived one fan favorite which could lead to an opportunity for their latest fan favorite.

National : Gourcuff a été approché par un club
Mais contrairement à ce l'on pouvait penser, son objectif n'était pas de rebondir au sein d'une autre formation. Comme son père Christian, qui a récemment laissé entendre qu'il pourrait quant à lui arrêter d'entraîner.

Wolves don’t match offer for Tyus Jones, guard headed to Memphis
In 68 games this past season, Jones averaged 6.9 points and 4.8 assists per game while shooting 41.5 percent from the field. Jones grew up in Apple Valley, Minn., and won a state title with Apple Valley High School in 2013.

Plus de 50 sites fragiles identifiés dans la filière diesel — France
Selon Altares, les PME dans leur ensemble ont ainsi connu une tendance " clairement favorable ", avec 14,3% de défaillances en moins.

Arsenal defender Koscielny refuses to travel to USA for pre-season tour
Unai Emery's men play four matches across in America eight days starting with a friendly with Colorado Rapids on July 16. In a statement, Arsenal said: "We are very disappointed by Laurent's actions, which are against our clear instructions".

Taylor Swift Tops Forbes’ Highest Paid Celebrities List With $185 Million
The Forbes list, released Wednesday, ranks 100 celebrities, including musicians, film stars, athletes and comedians. The oldest person on the list is Beatles' legend Sir Paul McCartney, 77-years-old, at number 62 with $48 million.

Aston Villa close in on £12m signing of Brentford defender Ezri Konsa
The defender links up again with Dean Smith having worked under him previously when he was manager of the Bees. Aston Villa are set to sign Brentford defender Ezri Konsa in a £12m deal.

Sam Allardyce reveals ambitions to manage a side challenging near the top
On his previous stint on Tyneside, Allardyce explained: "It wasn't pleasant in the end but it was in the middle of the takeover. The next season they spent £100million [with his successor Marco Silva in charge] and finished eighth'.