9911796707
TMI BlogRupee jumps 17 paise to settle at 86.95 against US dollarX X X X Extracts X X X X X X X X Extracts X X X X ..... Rupee jumps 17 paise to settle at 86.95 against US dollar X X X X Extracts X X X X X X X X Extracts X X X X ..... pted 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 86.88 before ending at ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 86.95 against the dollar, 17 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 trading lower by 0.36 per cent at 103.69 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... . Brent crude, the global oil benchmark, went up by 2 per cent but stayed at six-month low levels of USD 70.85 per barrel in futures trade. Dilip Parmar, Research Analyst, HDFC Securities said the Indian rupee registered the biggest weekly gain since March 2023 as the dollar index retreated. The stronger government sovereign bonds, central bank’s liquidity measures and lower crude oil prices ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... supported the rupee in the past few days, Parmar said, adding that in the near-term, spot USDINR is expected to trade between 86.40 to 87.70. All eyes will be on next week's CPI and trade balance number which could further support the rupee bulls. The domestic equity market settled almost flat with the 30-share BSE Sensex falling 7.51 points, or 0.01 per cent, to 74,332.58, and the Nifty inch ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ing 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 2,035.10 crore on a net basis on Friday, according to exchange data. "The profit booking in crude oil seems to have driven prices higher," said Mohammed Imran, Research Analyst, Mirae Asset Sharekhan. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Economic data points are also not encouraging 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. On the global macroeconomic front, traders are expected to keep a cl ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ose watch on the US Federal 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Canada and Mexico would "likely" be delayed. PTI HVA DRR X X X X Extracts X X X X X X X X Extracts X X X X
|
