USD/INR closed at 68.8025 against its opening of 68.75.
Dollar under pressure after Fed fuels bets on large rate cut.
Sensex provisionally ends 560 points lower at 38,337, with all but four components in the red.
ECB to cut rates in September, QE 2.0 still on the cards - analyst poll.
U.S. sanctions network selling materials for Iran nuclear programme.
North Korea says nuclear talks at risk if U.S.-South Korea exercises go ahead.
South Korea's central bank surprises with rate cut as Japan row adds to risks.
U.S., Japan eye possible small trade deal by September: sources.
Japan's core inflation hits 2-year low, might push BOJ to ease again soon.
Iran ready to talk if U.S. lifts sanctions, Pompeo skeptical.
Japan trade minister blasts South Korea for 'mistaken' explanation after bilateral meeting.
Oil jumps, Brent up more than 2% after U.S. Navy downs Iranian drone.
China makes biggest U.S. sorghum purchase since April as trade talks resume.
Trump administration erects another barrier to immigrants seeking U.S. asylum.
Worried UK employees call for changes to proposed immigration reform.
China to tighten restrictions on scrap metal imports.
Gold inches down as strong U.S. retail sales lift dollar.
Asia stocks firm as Fed props up rate cut expectations.
Chance of no-deal Brexit rises as Johnson leads Hunt - poll.
USD/INR closed at Rs 70.01/$1 against its opening at Rs.69.45. USD/INR ends up as election-related rupees positive fade and strong dollar. USD/INR traded between Rs 69.375/$1 and Rs 70.0650/$1. The rupee rallied at the open on Thursday as the first lead signals from vote count centres indicated that exit poll results eventually proven right.
Prime Minister Narendra Modi promised to unite the country on Thursday after a big election win, with his party on course to increase its majority on a mandate of business-friendly policies and a tough stand on national security.Official data from the Election Commission showed Modi’s Hindu-nationalist Bharatiya Janata Party (BJP) ahead in 300 of the 542 seats being contested, up from the 282 it won in 2014 and more than the 272 seats needed for a majority in the lower house of parliament.
Easing oil is another positive for the local currency but the market will only look at news from the vote counting centres.Today is the big day. Market players will only look at the election outcome as that would tell us what is the future of foreign inflows for the next five years. Brent crude for July delivery was down 0.58% at $70.58/bbl. However, the dollar index was holding near a multi-week high and Asian stock indices were mostly down, fundamentally weighing on the local currency.
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