USD/INR is closed at 69.09 against its opening of 69.33. Dollar/rupee ends down Friday on overseas investors inflows into the local stocks and subdued dollar after weak US economic data amid lower Brent oil price. Rupee opened up on the subdued dollar after the weak US economic data released on Thursday and lower crude oil prices on the global economic concerns. Investors are expecting some inflows today which will weigh the spot pair.
The dollar index, greenback against a basket of six major currencies, traded at 96.60 Friday compared to 96.79 at close of Indian market on Thursday.The greenback subdued against it major pairs after the weak economic data released on Thursday. Continuing jobless claims data rose to 1.776 million in March compared to 1.758 million previous released.
New home sales data decreased to 0.607 million compared to 0.652 million previous released Initial jobless claim data rose to 229000 in March compared to 223000 previous released
Crude oil futures little change as global economic growth concerns in Asia and Europe rose, weighing the crude oil prices. However the supply cut by OPEC and US sanctions with Venezuela and Iran might support the oil price. Brent futures for May delivery traded up at $67.24 a barrel on Friday. At 9:30AM, dollar/rupee traded at Rs 69.22/$1 compared to its open of Rs 69.33/$1 Friday, and previous close of Rs 69.35/$1.
Sensex provisionally ends 280 points higher with 21 components in the green.