Foreign exchange: Rupee ends flat at 71.14 versus US greenback

The rupee closed nearly flat at 71.14 per US greenback on Friday amid hardening crude oil costs and lacklustre world cues. Persistent international fund inflows propped up the native unit although the positive aspects had been capped by crude oil hitting the $60 per barrel mark, forex brokers stated.

World shares wobbled after China posted its weakest GDP growth rate in three many years whereas the buck was underneath strain from a strengthening pound and euro.

On the interbank foreign exchange market, the rupee opened on a cautious word at 71.20 versus the US greenback. It traded in vary of 71.31 and 71.05 through the day, earlier than lastly ending at 71.14, up simply 2 paise from its earlier shut.

World benchmark Brent crude oil futures rose 0.35 per cent to $60.12 per barrel.

The greenback index, which gauges the buck’s power towards a basket of six currencies, slipped 0.15 per cent to 97.45.

Overseas buyers purchased equities price Rs 36 crore on Friday, trade information confirmed.

In the meantime, Indian equities rose for the sixth straight session on Friday, the longest gaining streak since mid-March, boosted by international fund inflows and optimistic Brexit developments.

The BSE benchmark Sensex closed 246.32 factors or 0.63 per cent greater at 39,298.38. It hit an intra-day excessive of 39,361.06 and a low of 38,963.60.

The NSE gauge Nifty too rose 75.50 factors or 0.65 per…