Indian market is close due to Chatarpati Shivaji's birthday.
USD/INR closed at 71.34 against its opening at 71.31 Yesterday. USD/INR ends up on FII outflow from local stock and oil bids. USD/INR extended gain to Rs 71.55 during intraday trades Monday on buying by nationalised banks on behalf of oil importers amid likely on overseas fund outflows from local stocks.
Brent crude oil prices eased away from 2019 highs on Tuesday on caution that economic growth may dent fuel demand this year, although supply cuts led by producer cartel OPEC still meant markets were relatively tight.
International Brent crude oil futures were at $66.08 per barrel, down 42 cents, or 0.6 percent from their last close, but still not far off the 2019 high of $66.83 a barrel hit in the previous session.U.S. West Texas Intermediate (WTI) crude futures were at $55.71 per barrel. While that was up 12 cents from their last settlement, it was below the $56.33 2019 high from the previous day.
The dollar was broadly flat against the euro and sterling in early trade in Europe Tuesday but rose against the yen after Bank of Japan Governor Haruhiko Kuroda said he was willing to take action to stop the currency rising too far.
Sensex logs longest losing streak in 8 years, drops 145 pts; Nifty ends at 10,605.