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As on Oct 18, 2021 12:00 AM Your results on : End Session    
Currency Buzz: INR Ends Weak As Oil Prices Climb To Multi-Year Highs
18-Oct-2021 (17:36)

The Indian rupee snapped gains against the dollar to end lower by 9 paise at 75.35 (provisional) on Monday, tracking stronger greenback against key rivals overseas and rising global crude oil prices. At the interbank forex market, the local unit opened on a steady note and later traded in a narrow range of 75.24 to 75.38 against the American currency. On Thursday, the rupee had settled at 75.26 against the US dollar. The forex market was closed on Friday for Dussehra' holiday. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, at the time of writing was quoting at 94.08. The benchmark 10-year bond yield ended at 6.38%, up 5 basis points from its previous close and at its highest since April 17, 2020. India's benchmark 10 year bond yield rallied to its highest level in one and half years amid a surge in global crude oil prices. Brent crude futures, the global oil benchmark, rose 1.11 per cent to USD 85.80 per barrel. On the domestic equity market front, the BSE Sensex surged 459.59 points or 0.75 per cent to end at 61,765.59; while the broader NSE Nifty jumped 138.50 points or 0.76 per cent to settle at 18,477.05.

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