policy makers expressed confidence that the next interest-rate increase would come fairly soon, but sounded concerned about the uncertain fiscal-policy outlook, which has been supportive of a strengthening dollar since the November election.

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Meanwhile, the Indian benchmark sensex continued to rule firm, surging by another 424.22 points or 0.1.48 per cent to end the week at 28,892.97 today.

In forward market, premium for dollar dropped further on persistent receivings from exporters.

The benchmark six-month premium payable in July fell to 139.50-140.25 paise from its last weekend's level of 144-146 paise and far forward January 2018 contract also moved down further to 295.25-296 paise from 296-298 paise.

The RBI fixed the reference rate for the dollar at 66.8351 and for the euro at 70.5444 respectively as against the last weekend's level of 67.0467 and 71.5053.

In cross-currency trades, the rupee finished lower against the pound sterling at 83.26/28 from the last weekend's level of 83.15/17 while firmed against the Euro to settle at 70.48/50 from 71.33/35.

The domestic currency also recovered against the Japanese Yen to 58.97/99 per 100 yen from 59.34/36. (MORE)

(This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)