{"id":19565,"date":"2018-12-17T17:29:52","date_gmt":"2018-12-17T17:29:52","guid":{"rendered":"http:\/\/dinnews.in\/?p=19565"},"modified":"2018-12-17T17:29:52","modified_gmt":"2018-12-17T17:29:52","slug":"rupee-settles-34-paise-higher-at-71-56-against-us-dollar","status":"publish","type":"post","link":"https:\/\/dinnews.in\/?p=19565","title":{"rendered":"Rupee settles 34 paise higher at 71.56 against US dollar"},"content":{"rendered":"<p style=\"text-align: justify; background: white; margin: 0in -.2in 10.85pt -.2in;\"><span style=\"font-size: 8.0pt; font-family: 'Arial','sans-serif'; color: #383636; background: white;\">The Indian rupee Monday recovered by 34 paise to close at 71.56 against the US dollar as forex market sentiments were driven by the country&#8217;s narrowing trade deficit in November as also smart gains in domestic equities.<\/span>Besides, the American currency&#8217;s weakness against its major rivals globally helped the rupee further its gains.\u00a0According to commerce ministry data, India&#8217;s trade deficit came down to USD 16.67 billion in November 2018 from USD 17.13 billion in October this year.\u00a0At the Interbank Foreign Exchange, the rupee opened higher at 71.84 a dollar and soon gathered momentum to touch a high of 71.51.The domestic unit, however, pared some gains and settled the day up by 34 paise at 71.56 a dollar.On Friday, the rupee had dropped by 22 paise to close at 71.90 against the US dollar.\u00a0<span style=\"font-size: 8.0pt; font-family: 'Arial','sans-serif'; color: #383636;\"><br style=\"font-variant-ligatures: normal; font-variant-caps: normal; orphans: 2; widows: 2; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; word-spacing: 0px;\" \/> <span style=\"background: white;\"><span style=\"font-variant-ligatures: normal; font-variant-caps: normal; orphans: 2; widows: 2; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; word-spacing: 0px;\">Forex dealers attributed the rupee gains to the greenback&#8217;s weakness against some currencies overseas and improving macro picture in form of narrowing trade deficit numbers.<\/span><\/span><br style=\"font-variant-ligatures: normal; font-variant-caps: normal; orphans: 2; widows: 2; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; word-spacing: 0px;\" \/> <span style=\"background: white;\"><span style=\"font-variant-ligatures: normal; font-variant-caps: normal; orphans: 2; widows: 2; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; word-spacing: 0px;\">Heavy buying in domestic equities also helped trading sentiments in the forex market, they added.<\/span>Equity benchmark Sensex continued its winning streak for a fifth straight session Monday. The 30-share BSE Sensex closed at 36,270, showing a rise of 0.85 per cent or 307 points. Similarly, the broader NSE Nifty ended at 10,888, a gain of 0.77 per cent or 83 points.\u00a0<\/span>Brent crude, the international benchmark, was trading at USD 60.89 per barrel Monday, higher by 1.01 per cent.<\/span>The Financial Benchmark India Private Ltd (FBIL) set the reference rate for the rupee\/dollar at 71.6730 and for rupee\/euro at 81.0717. The reference rate for rupee\/British pound was fixed at 90.1981 and for rupee\/100 Japanese yen at 63.17.<\/p>\n\n","protected":false},"excerpt":{"rendered":"<p>The Indian rupee Monday recovered by 34 paise to close at 71.56 against the US dollar as forex market sentiments were driven by the country&#8217;s narrowing trade deficit in November as also smart gains in domestic equities.Besides, the American currency&#8217;s weakness against its major rivals globally helped the rupee further its gains.\u00a0According to commerce ministry data, India&#8217;s trade deficit came down to USD 16.67 billion in November 2018 from USD 17.13 billion in October this year.\u00a0At the Interbank Foreign Exchange, the rupee opened higher at 71.84 a dollar and soon&hellip;<\/p>\n","protected":false},"author":1,"featured_media":19567,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[6,4],"tags":[],"_links":{"self":[{"href":"https:\/\/dinnews.in\/index.php?rest_route=\/wp\/v2\/posts\/19565"}],"collection":[{"href":"https:\/\/dinnews.in\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dinnews.in\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dinnews.in\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dinnews.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=19565"}],"version-history":[{"count":1,"href":"https:\/\/dinnews.in\/index.php?rest_route=\/wp\/v2\/posts\/19565\/revisions"}],"predecessor-version":[{"id":19569,"href":"https:\/\/dinnews.in\/index.php?rest_route=\/wp\/v2\/posts\/19565\/revisions\/19569"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dinnews.in\/index.php?rest_route=\/wp\/v2\/media\/19567"}],"wp:attachment":[{"href":"https:\/\/dinnews.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=19565"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dinnews.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=19565"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dinnews.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=19565"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}