Rupee is likely to remain under pressure due to domestic concerns.
The rupee edged higher by three paise to 66.46 against the US dollar in early trade on Wednesday.
Robert Solis, the man convicted of murdering Sandeep Dhaliwal, the first turbaned Indian-American Sikh police officer in the US state of Texas while making a traffic stop in 2019, has been sentenced to death, according to a police official.
Increased demand for the American unit from importers weighed on the rupee
Oil sank to the lowest level in a month after shedding all of its gains from the US-Iran clash as traders waited to see whether any further hostilities will disrupt exports from the East Asia.
The rupee on Friday closed 10 paise higher at 65 against the US dollar on fresh selling of greenback by banks.
Cooking gas LPG price on Wednesday was hiked by Rs 15 per cylinder in line with a surge in international fuel prices. Rates of both subsidised and non-subsidised LPG prices were hiked, oil company officials said. Cooking gas now costs Rs 899.50 per cylinder in Delhi.
The rupee on Friday snapped its two-day gaining streak against the US dollar.
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Rupee rebounds 26 paise against dollar; snaps 2-day losses
No change in retail prices as oil marketing firms to absorb increase
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A swift recovery in oil demand in India is not only helping the stability of the global market, it is giving huge fiscal headroom to the government in terms of additional excise duty.
The rupee has lost 32 paise, or 0.50 per cent, in five trading days
The rupee weakened even as the dollar fell against major global currencies
The Consumer Price Index-based inflation rose to 5.11% in January
The dinner Jill Biden and her husband US President Joe Biden hosted for Indian prime minister Narendra Modi, June 22, at the White House brought together, Indians and Americans from so many firmaments.
Prices are sustainable and not just driven by speculative gains
US commercial crude oil stocks were forecast to have risen by 3 million barrels last week
Over the previous eight sessions, Brent had lost about $7 a barrel, almost 20 per cent
Prominent deep-pocketed investors are lined up to finance Major League Cricket, the world's top players are supposedly ready to sign on and, according to the ICC and USA Cricket research, there is a baked-in fan base of between 15 and 20 million waiting to be served.
The IPL franchises are now expanding their bouquet of teams across leagues in the West Indies, UAE, South Africa and now the US is another untapped market that wasn't explored despite the Asian diaspora craving for some cricket.
A government official said out that with hardly any economic activity, an immediate duty hike will not be productive and could be announced once the lockdown eases and demand revives.
The rupee ended marginally lower by three paise at 66.36 against the US dollar.
A massive drone strike on the world's largest crude-processing facility operated by Saudi Arabia's Aramco has driven oil prices to their highest level in nearly four months. The attack has knocked out over half of Saudi Arabia's production as it cut 5.7 million barrels per day or over 5 per cent of the world's supply.
The rupee had lost 27 paise to close at more than 5-week low.
However, the hefty initial gains of the rupee, which had jumped to 61.05 intra-day, were substantially erased on month-end demand for US dollars from private oil firms and some defence-related purchases, amid fall in domestic stocks.
The rupee ended the day stronger against the dollar.
While OPEC has been unable to agree on an output freeze in an effort to support prices, Iraq was the latest Middle East producer to raise its exports quota
The rupee had dropped by 18 paise to end at 66.40
'Monkeypox is a rare but potentially serious viral illness that typically begins with flu-like illness and swelling of the lymph nodes and progresses to a rash on the face and body'
Rupee gained on increased selling of the US currency by banks and exporters
Oil edged up on Tuesday, steadying after a 5 per cent plunge in the previous session that saw prices touch fresh 5-1/2-year lows in an oversupplied market.
RIL, as well as its partner Pioneer Natural Resources Co, are seeking a buyer for their stakes in Eagle Ford Midstream venture as they focus on shale oil production.
Jewellery stores remained deserted as buyers deferred their non-essential purchases awaiting softness in gold prices.
The domestic currency had gained by 80 paise, or 1.19 per cent, in previous five trading days.
The Indian rupee resumed sharply lower at 66.65 per dollar against last Friday's level of 66.48.
RBI fixed the reference rate for the dollar at 66.2930 and euro at 74.8978.
The domestic currency tumbled by 45 paise or 0.68 per cent in two days.
The trading range for the Spot USD/INR pair is expected to be within 66.20 to 67.00.
Both crude benchmarks are now down around 20 per cent since their last peak in June
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