Overview
- The rupee closed at 279.10 in the inter-bank market, a gain of Re0.01 from 279.11 a day earlier.
- The US dollar steadied after a prior jump when President Donald Trump’s comments on the Iran conflict drove investors toward assets seen as safer.
- The dollar index was quoted at 100.04, up 0.058%, signaling a slight broad-based rise in the greenback.
- China’s yuan firmed as the central bank set the daily midpoint at 6.8929 per dollar, and spot trading stayed within the policy band that allows moves up to 2% on either side.
- Holiday closures for Good Friday thinned trading in energy markets, and dealers looked to US jobs data for the next clear driver of exchange rates.