USD/INR closed at 71.04 against its opening at 71.14. USD closed down Thursday on Reserve Bank of India intervention in order to stem the volatility. PSBs sold on behalf of RBI around Rs 71.35/37 level in spot.
USD/INR in the non-deliverable forward market maturing in one month traded at Rs 71.57 during European trades and Rs 71.34 at start of Indian market Thursday. The pair traded at Rs 71.44 at close of Indian market on Wednesday.
The dollar index, which tracks the movement of the greenback against a basket of six major currencies, traded at 96.03 during late Asian trades Thursday compared to 96.07 at previous close.
British Prime Minister Theresa May narrowly survived a no-confidence vote sparked by the historic defeat of her Brexit deal.PM May promised to return to parliament on Monday with an alternative Brexit strategy.
Crude oil prices are above $60.00/bbl as oil importers expects rise in prices over supply cut by OPEC and non OPEC including Russia. Brent crude oil prices for March delivery traded 0.64% down at $60.93 a barrel during intraday trades on Thursday.
According to the report released by the Energy Information Administration this morning, crude oil inventories in the US plunged by 2.68 million barrels in the week to Jan 11.That was much higher than the market expectations. In the week ended Jan 4, crude stockpiles had dropped by 1.7 million barrels.Brent futures for March delivery traded 0.49% down at $61.02 a barrel.
Sensex, Nifty provisionally ends down 9 points and flat with 18 and 26 components in the red Respectively.