Friday, 20 July 2018



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Clearly, there was nervousness on D-Street. The S&P BSE Sensex which hit a record high on Wednesday failed to gain momentum while on the other hand, Nifty closed below 11000 mark for the second consecutive day in a row.

Overall global markets traded lower due a mixed earnings season and global trade concerns. Weakness in domestic currency and uncertainty around No-Trust vote also played its part.

The rupee on Thursday weakened past Rs 69/USD to close at another record low. The rupee ended at 69.05 a dollar, down 0.62 percent from its previous close of 68.62.

The last time the rupee hit an all-time closing low of 68.9413 was on 5 July. It touched an all-time intraday low of 69.0925 on June 28.

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