USD/INR closed at 69.29 against its opening at 69.59. USD/INR snap 3-Day rise on inflow related to Vodafone-Idea right issue, Vodafone-idea right issue was supporting the rupee. Dollar/rupee in the offshore market traded down during afternoon trades on Tuesday tracking the movement in spot pair. Dollar/rupee in the non-deliverable forward market maturing in one month traded at Rs 69.87/$1 during European trades and Rs 69.88/$1 at start of Indian market Tuesday.
Brent crude oil prices breached $71/ bbl, rising to their highest level since Nov, 2018, on concerns over exports from war-torn Libya creating tightness in the market amid on-going OPEC-led production and supply cuts and US sanctions on Iran and Venezuela.Brent crude oil futures for June delivery traded 0.10% higher at $71.17 a barrel on Tuesday.Meanwhile, the greenback remained subdued against other major currencies as recent strong US jobs data eased worries of economic slowdown, reducing safe haven dollar demand.
British Prime Minister Theresa May will meet German Chancellor Angela Merkel and French President Emmanuel Macron on Tuesday to argue for a Brexit delay while her ministers hold crisis talks with Labour to try to break the deadlock in London.While May travels to Berlin and Paris ahead of an emergency EU summit in Brussels on Wednesday, British lawmakers will hold a 90-minute debate on her proposal to delay Britain’s EU departure date to June 30 from April 12.
President Donald Trump’s administration is proposing tariffs on new passenger helicopters, various cheeses and wines, ski-suits and certain motorcycles in response to harm the U.S. says is being caused by European Union aircraft subsidies.
The dollar index, greenback against a basket of six major currencies, traded at 96.94 late Tuesday compared to 97.06 at open of Indian market on tuseday.
Sensex ends up 239 point, Nifty ends at 11,672.