Iraqi conflict, May inflation bearing heavy on the currency
The 8.28% G-sec maturing in 2027 fell to Rs 96.59 from Rs 96.98, while its yield gained to 8.71% from 8.66%
Spare-part replacement or repair may be capped in a motor policy but add-on covers can help claim the entire amount
The rupee had opened at Rs 59.86 and during intra-day trades it touched a low of Rs 60.23
As oil prices surged, rupee weakened to its one-month low of 60.11
Increased demand for the American currency from oil importers affected the rupee
Since the macro themes of easing trends in inflation trajectory and the hope of credible fiscal consolidation stays intact on domestic front the phases of corrections are likely to be short lived
It is trading at 59.47, after hitting 59.49, its lowest since May 15
Closed at 59.25 per dollar vs 59.27 on Wednesday
The limit under $20 billion has been fully exhausted
Traders expect the pair to trade in a range of 59.20 to 59.45 for the day
Persistent capital inflows and some weakness in dollar overseas also helped the rupee recover
Traders expect the pair to trade in a range of 59.25 to 59.45
On Monday, the rupee had fallen by three paise
But RBI's net dollar purchase rises by more than $5 bn year-on-year
The central bank became a net buyer of $7.782 billion
Traders expect rupee to hold in 59.20 to 59.40 range
Closed at 59.20 per dollar compared with 59.17 on Friday
The central bank continues heavy intervention to curb strength in the rupee