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TMI BlogRupee jumps 20 paise to settle at 86.92 against US dollarX X X X Extracts X X X X X X X X Extracts X X X X ..... Rupee jumps 20 paise to settle at 86.92 against US dollar X X X X Extracts X X X X X X X X Extracts X X X X ..... entiment and uninterrupted outflow of foreign capital, however, weighed on the domestic currency, forex traders said, attributing the foreign investors' outflow to an increased risk aversion due to tariff ambiguity worldwide. At the interbank foreign exchange, the rupee opened at 87.13 and touched the intra-day low of 87.22 against the greenback. The unit strengthened during intra-day trade to 8 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 6.88 before ending at 86.92 (provisional) against the dollar, 20 paise higher from its previous close. The rupee had settled 6 paise lower at 87.12 against the US dollar on Thursday, snapping its three-session rally. It had gained 31 paise in the preceding three consecutive sessions. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trad ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ing lower by 0.43 per cent at 103.58, close to the level seen on November 5, 2024. Brent crude, the global oil benchmark, went up by 1.41 per cent but stayed at six-month low levels of USD 70.44 per barrel in futures trade. "The profit booking in crude oil seems to have driven prices higher," said Mohammed Imran, Research Analyst, Mirae Asset Sharekhan. Economic data points are also not enco ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... uraging for crude oil demand as Chinese imports fell 5 per cent year-on-year to a total of 83.85 million metric tonnes for January-February period. "That translates to an average of about 10.42 million barrels per day (bpd), down from 11.26 million bpd in January-February 2024," Imran said. The domestic equity market settled almost flat with the 30-share BSE Sensex falling 7.51 points, or 0.01 p ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... er cent, to 74,332.58, and the Nifty inching up 7.80 points, or 0.03 per cent, to 22,552.50 points. Both the indices had gained sharply in the preceding two sessions. Foreign institutional investors (FIIs) offloaded equities worth Rs 2,377.32 crore on a net basis on Thursday, according to exchange data. On the global macroeconomic front, traders are expected to keep a close watch on the US Fed ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... eral Reserve chief Jerome Powell's commentary and the central bank's balance sheet to be released later in the day. Meanwhile, President Donald Trump said he has postponed 25 per cent tariffs on most goods from Mexico for a month after a conversation with that country's president. Trump's announcement comes after his Commerce Secretary Howard Lutnick said tariffs on both Canada and Mexico woul ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d "likely" be delayed. PTI HVA DRR X X X X Extracts X X X X X X X X Extracts X X X X
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