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Date: 24-Mar-2017:



USDINR opened at 65.51 and closed at 65.41 on Metropolitan Stock Exchange of India In India.


Wednesday, August 10, 2011

The Indian Rupee Snapped a Six-Day Weakening Streak

The Indian rupee snapped a six-day weakening streak on Wednesday as global equities rebounded and the dollar fell after the U.S. Federal Reserve promised to keep rates low for at least two years.

The rupee plays an important role in determining the landed cost of the yellow metal and copper, which are quoted in dollars.

The most-active gold futures for October delivery on the Multi Commodity Exchange (MCX) closed 1.94 percent higher at 25,731 rupees per 10 grams in the previous session, after hitting a record of 26,198 rupees.

International gold ticked higher on Wednesday, hovering near a lifetime high around $1,778 an ounce struck in the previous session, but further gains could be capped by a rebound in equities after the U.S. Federal Reserve's vow to keep rates near zero.

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