9911796707
TMI BlogRupee falls 7 paise to close at 86.62 against US dollarX X X X Extracts X X X X X X X X Extracts X X X X ..... Rupee falls 7 paise to close at 86.62 against US dollar X X X X Extracts X X X X X X X X Extracts X X X X ..... gth of the American currency in the overseas markets. At the interbank foreign exchange, the rupee opened on a weak note at 86.58. It touched a high of 86.56 and a low of 86.65 against the American currency during the session. The local unit settled at 86.62, registering a fall of 7 paise over its previous close. On Wednesday, the rupee pared its initial losses to settle on a positive note, hig ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... her by 2 paise to close at 86.55 against the US dollar. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.02 per cent lower at 107.98. "US Dollar gained on the hawkish tone of the US Federal Reserve. Fed kept interest rates unchanged at 4.25-4.5 per cent at its Federal Open Market Committee (FOMC) meeting on Wednesday," said Anuj ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Choudhary – Research Analyst at Mirae Asset Sharekhan. The US Fed kept rates on hold but was hawkish in its outlook as it said rates would be held higher for a longer period, downplaying expectations for future rate cuts. "We expect the rupee to trade with negative bias on strength in the US Dollar and selling pressure from FIIs. Month-end Dollar demand from importers may also weigh on the rupe ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e," Choudhary added. There is uncertainty over tariffs by the US administration, which may further pressure the rupee. However, any central bank intervention may support the rupee. Traders may take cues from GDP and weekly unemployment claims data from the US. Investors may remain cautious ahead of the Union Budget of February 1 and the RBI’s bond buying on Friday, which may lead to volatility, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Choudhary added. Brent crude, the global oil benchmark, fell 0.64 per cent to USD 76.09 per barrel in futures trade. In the domestic equity market, the 30-share BSE Sensex settled 226.85 points, or 0.30 per cent, up at 76,759.81 points, while the Nifty rose 86.40 points, or 0.37 per cent, to close at 23,249.50 points. Foreign Institutional Investors (FIIs) offloaded equities worth Rs 4,582.95 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... crore in the capital markets on a net basis on Thursday, according to exchange data. PTI DRR DRR BAL BAL X X X X Extracts X X X X X X X X Extracts X X X X
|
