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TMI BlogRupee falls 9 paise to close at 86.31 against US dollarX X X X Extracts X X X X X X X X Extracts X X X X ..... Rupee falls 9 paise to close at 86.31 against US dollar X X X X Extracts X X X X X X X X Extracts X X X X ..... ed uncertainties over 'Trump Tariffs', while sustained foreign fund outflows dented investor sentiments further. Moreover, the upcoming Union Budget will play a crucial role in shaping market sentiment and the rupee's trajectory, as expectations are high for favourable measures aimed at rekindling foreign investments, traders said. At the interbank foreign exchange, the rupee opened on a weak ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... note at 86.35, and during the day touched a high of 86.28 and a low of 86.45 against the American currency. The local unit settled for the day at 86.31, registering a fall of 9 paise over its previous close. On Friday, the rupee appreciated 22 paise to close at 86.22 against the US dollar. "We expect the rupee to trade with negative bias on positive US dollar and weak tone in the domestic ma ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rkets. Persistent FII outflows and importer demand for dollars may continue to pressurise the rupee. "However, weakness in crude oil prices and central bank intervention may support the rupee. investors may remain cautious ahead of the Federal Open Market Committee (FOMC) meeting outcome this week," said Anuj Choudhary - Research Analyst at Mirae Asset Sharekhan. Meanwhile, the dollar index, w ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... hich gauges the greenback's strength against a basket of six currencies, was trading 0.04 per cent higher at 107.48. According to Anil Kumar Bhansali, Head of Treasury and Executive Director, Finrex Treasury Advisors LLP, the rupee fell as Trump announced 25 per cent tariffs on Colombia which he later retracted as Colombia agreed to take back the illegal migrants but the market got the signal th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... at this can happen with any country and therefore risk was sold off. "The rupee has been giving a two-sided movement in the last few days and an opportunity for exporters and importers to equally sell and buy dollars. FPIs have been constant sellers and are expected to continue as sellers in the following weeks. Rupee will be in a range of 86.10 to 86.60 for the coming week," Bhansali said. Th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e US has paused sanctions and tariffs on Colombia after the latter agreed to accept all the terms of President Donald Trump, including accepting flights of deported migrants from America, the White House said. The announcement comes after Trump and Colombian President Gustavo Petro threatened increased retaliatory tariffs after Petro turned away two US military aircraft full of detained Colombia ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n migrants. "The Government of Colombia has agreed to all of President Trump's terms, including the unrestricted acceptance of all illegal aliens from Colombia returned from the United States, including on US military aircraft, without limitation or delay," White House Press Secretary Karolina Leavitte said. Brent crude, the global oil benchmark, rose 0.19 per cent to USD 78.65 per barrel in f ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... utures trade. In the domestic equity market, the 30-share BSE Sensex settled 824.29 points, or 1.08 per cent, down at 75,366.17 points, while the Nifty fell 263.05 points, or 1.14 per cent, to close at 22,829.15 points. Foreign Institutional Investors (FIIs) offloaded Rs 5,015.46 crore in the capital markets on net basis on Monday, according to exchange data. India's forex reserves dropped b ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... y USD 1.88 billion to USD 623.983 billion in the week ended January 17, the Reserve Bank of India said on Friday. Earlier, the overall kitty declined by USD 8.714 billion to USD 625.871 billion in the week ended January 10. PTI DRR HVA X X X X Extracts X X X X X X X X Extracts X X X X
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