{"id":48076,"date":"2018-11-23T11:23:10","date_gmt":"2018-11-23T11:23:10","guid":{"rendered":"http:\/\/blastingskyhawk.com\/?p=48076"},"modified":"2018-11-23T11:23:10","modified_gmt":"2018-11-23T11:23:10","slug":"rupee-hits-near-12-week-high-traders-say-rbi-not-seen-in-market","status":"publish","type":"post","link":"https:\/\/blastingskyhawk.com\/english\/rupee-hits-near-12-week-high-traders-say-rbi-not-seen-in-market\/","title":{"rendered":"Rupee hits near 12-week high; traders say RBI not seen in market"},"content":{"rendered":"<p><strong>Rupee rose to its highest in almost 12 weeks on Thursday as global oil prices eased further.<\/strong><\/p>\n<p>The rupee strengthened past the psychological 71-to-the-dollar mark, climbing to as much as 70.9175, the highest since Sept. 3 and compared to its previous close of 71.46 on Tuesday. It was trading at 70.93 to the dollar at 1033 GMT.<\/p>\n<p>The foreign exchange market was closed on Wednesday for a local holiday.<\/p>\n<p>India imports more than two-third of its oil requirement and a fall in crude prices eases dollar demand from importers.<\/p>\n<p>The Reserve Bank of India was not seen intervening in the spot forex market to contain the sharp rise in the rupee, two dealers said.<\/p>\n<p>\u201cTraders are unwinding long dollar positions,\u201d said a foreign bank dealer.<\/p>\n<p>Oil prices fell after U.S. crude inventories swelled to their highest since December, stoking concerns about a global glut but OPEC talk of an output reduction limited the losses.<\/p>\n<p>Benchmark Brent was down 67 cents at $62.82 a barrel by 0904 GMT, after dropping as much as $1 earlier in the session.<\/p>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>Rupee rose to its highest in almost 12 weeks on Thursday as global oil prices eased further. The rupee strengthened past the psychological 71-to-the-dollar mark, climbing to as much as 70.9175, the highest since Sept. 3 and compared to its previous close of 71.46 on Tuesday. It was trading at 70.93 to the dollar at [&hellip;]<!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis Share Buttons generic via filter on get_the_excerpt --><\/p>\n","protected":false},"author":1,"featured_media":48077,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[410],"tags":[],"class_list":["post-48076","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/48076","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/comments?post=48076"}],"version-history":[{"count":1,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/48076\/revisions"}],"predecessor-version":[{"id":48078,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/48076\/revisions\/48078"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/media\/48077"}],"wp:attachment":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/media?parent=48076"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/categories?post=48076"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/tags?post=48076"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}