On the domestic equity market front, the 30-share BSE Sensex advanced 415.49 points or 0.69 per cent to end at 60,224.46, while the broader NSE Nifty rose 117.10 points or 0.67 per cent to 17,711.45.įoreign Institutional Investors (FIIs) were net buyers in the capital market on Friday as they purchased shares worth Rs 246.24 crore, according to exchange data. Dollar can witness some volatility this week ahead of Fed Chair Powell’s testimony and labour market data from the US later this week, Choudhary added. However, global economic slowdown may cushion the downside. The rupee depreciated 4 paise to close at 79.82 against the US dollar on Tuesday as a stronger US dollar against key rivals and a lacklustre trend in. Overall weak tone in crude oil and FII inflows may also support rupee,” Choudhary said. ”We expect the rupee to trade with a slight positive bias on the rise in risk appetite in global markets and a soft dollar. Indias central bank intervenes to prop up rupee amid strong dollar - report. Positive Asian currencies also supported the domestic currency, said Anuj Choudhary – Research Analyst at Sharekhan by BNP Paribas. The Indian rupee touched a fresh one-month high of 81.62 on extended rally in the domestic markets and fresh foreign inflows. Dollar bonds due 2031 rose from the lowest since November and were indicated at 33.44 cents on the dollar. Global oil benchmark Brent crude futures declined 0.77 per cent to USD 81.17 per barrel. The dollar index, which gauges the greenback’s strength against a basket of six currencies, rose 0.06 per cent to 104.58. The broader NSE Nifty advanced 1.55 points to 18,265.95.Foreign Institutional Investors (FIIs) were net buyers in the capital markets on Monday as they purchased shares worth Rs 2,123.76 crore, according to exchange data.The rupee appreciated by 5 paise to close at 81.92 (provisional) against the US dollar on Monday, as a positive trend in domestic equities and fresh foreign fund inflows boosted investor sentiments.Īt the interbank foreign exchange market, the local unit opened at 81.85 against the American currency and finally settled at 81.92 (provisional) against the greenback, registering a gain of 5 paise over its previous close of 81.97.ĭuring the trading session, the rupee touched a high of 81.62 and a low of 81.95 against the dollar. Iraqi dinar continues to devalue against US dollar The New Arab 04:07 5-Jan-23 Iraqs legislative body to resume. On the domestic equity market front, the 30-share BSE Sensex closed 2.92 points lower at 61,761.33. We expect USD/INR spot to trade in between 81.60 to 82.75 in the near term," Choudhary added. Investors may remain cautious ahead of inflation data from India and the US later this week. "However, softening crude oil prices at higher levels and FII inflows may support the rupee at lower levels. "We expect the rupee to trade with a negative bias on the strong Dollar amid safe haven appeal on the back of risk aversion in global markets and worries over a global economic slowdown. "US Dollar gained on risk aversion in global markets and as the Federal Reserve's Senior Loan Officer Opinion Survey shows banks continued to tighten credit conditions for business and households, but it was better than expected," Choudhary added.īrent crude futures, the global oil benchmark, declined 0.88 per cent to USD 76.33 per barrel. The dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.10 per cent to 101.47. Back to USDINR Overview USDINR US DOLLAR INDIAN RUPEE 81.968 +0.128 +0.16 EURUSD EURO US DOLLAR 1.0911 +0.0014 +0.13 USDRUB US DOLLAR RUSSIAN RUBLE 81.9258. However, soft crude oil prices cushioned the downside, said Anuj Choudhary – Research Analyst at Sharekhan by BNP Paribas. The rupee depreciated and is at its lowest level in two and half weeks on the positive US Dollar index. On Monday, the rupee settled at 81.78 against the dollar. The rupee fell 27 paise to close at 82.05 (provisional) against the US currency on Tuesday, weighed down by a strong greenback against major rivals overseas and a muted trend in domestic equities.Īt the interbank foreign exchange, the domestic unit opened at 81.84 against the dollar and slipped below the 82 levels to close at 82.05 (provisional), down 27 paise from its previous close.ĭuring the day, the rupee witnessed a high of 81.83 and a low of 82.15 against the greenback.
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