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TMI BlogRupee falls 17 paise to close at 86.88 against US dollarX X X X Extracts X X X X X X X X Extracts X X X X ..... Rupee falls 17 paise to close at 86.88 against US dollar X X X X Extracts X X X X X X X X Extracts X X X X ..... on a dollar-buying spree and importers scrambled to secure dollars, as they feared further depreciation amid global uncertainty. At the interbank foreign exchange, the rupee opened at 86.70 and touched the high of 86.68 against the greenback during intraday. It also touched the low of 86.88 before ending the session at 86.88 against the dollar, logging a loss of 17 paise from its previous close. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... On Friday, the rupee extended its recovery and settled 22 paise higher at 86.71 against the US dollar. "Indian rupee declined today on a weak tone in the domestic markets and a recovery in the US dollar index from intraday lows. However, weak tone in crude oil prices and a decline in US treasury yields cushioned the downside," said Anuj Choudhary – Research Analyst at Mirae Asset Sharekhan. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Traders may take cues from speeches by Federal Open Market Committee (FOMC) members. "We expect the rupee to trade with negative bias amid weakness in the domestic equities and FII outflows. Overall strength in the US dollar may also weigh on the rupee. However, any further decline in the US treasury yields or any further intervention by the RBI may support the rupee at lower levels," Choudhary ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... added. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.14 per cent higher at 106.85. "In the broader market, the dollar was struggling to recoup its losses after the sell off on the back of Friday's weak US retail sales data and investors cheered the delay in the implementation of Donald Trump's reciprocal tariffs," said Ani ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... l Kumar Bhansali, Head of Treasury and Executive Director, Finrex Treasury Advisors LLP. Brent crude, the global oil benchmark, rose 0.12 per cent to USD 74.83 per barrel in futures trade. In the domestic equity market, the 30-share BSE Sensex advanced 57.65 points, or 0.08 per cent, to settle at 75,996.86, while the Nifty rose 30.25 points, or 0.13 per cent, to 22,959.50 points. Foreign ins ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... titutional investors (FIIs) offloaded equities worth Rs 3,937.83 crore in the capital markets on a net basis on Monday, according to exchange data. Meanwhile, India's forex reserves jumped by USD 7.654 billion to USD 638.261 billion in the week ended February 7, the RBI said on Friday. This was the third consecutive week of a jump in the kitty, which had increased by USD 1.05 billion to USD 63 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 0.607 billion for the week ended January 31. 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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