Rupee closed at 68.68 against its open at 68.47. The pair opened at one-week low Thursday tracking firmness in Asian currencies amid subdued greenback.
Rupee has got some respite from the strength in yuan. Also, dollar is subdued on lack of direction. The greenback remained subdued against other major currencies on continued lack of US economic data keeping investors on the sidelines. Local stocks opened at record as healthy earnings continue to provide momentum despite mixed global cues.
Asian Stocks traded mixed as China decided to retaliate on US administration's latest tariff move.
Sensex provisionally ends 133 points higher with 16 components in the green.
GOLD
Gold prices were steady early Thursday, after gaining for two straight sessions, as the dollar extended losses versus the yen.
OIL
Oil prices rebounded on Thursday after heavy losses in the previous session that came as the China-U.S. trade dispute escalated, with official Chinese data indicating energy demand in the world’s top importer has yet to recover its strength.
ASIAN NEWS
China’s factory price inflation cooled in July amid a slowdown in economic growth with Beijing locked in a heated trade dispute with Washington, although economists expect punitive tariffs on U.S goods to add to wider price pressures in months ahead