Rupee

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Sensex

Rupee Crashes Further, Hits 72.67 Per Dollar

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Rupee slides further; hits fresh low of 71

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Rupee hits record low against US dollar

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The rupee depreciated 31 paise to 64.52 against the US dollar in opening trade at the interbank forex market

The rupee weakened by 9 paise to trade at 63.67 against the US dollar in opening session at the interbank foreign exchange today

The rupee weakened by 10 paise to 63.94 against the US dollar in early trade today

The dollar’s reduced clout overseas amid uncertainty about prospects of US tax cuts and domestic stock markets opening high were instrumental in the rupee’s rise

On Friday, the rupee had lost 62 paise to end at over three-month low level of 67.25 against the American currency on fears of capital outflows amid resurgent dollar overseas

Dealers attributed the fall to the persistent lure of the US currency and the dollar’s strength against other currencies overseas

Gains in metal, consumer durables and IT stocks helped the recovery on the domestic stock markets as participants widened their bets ahead of macro economic data.

Sensex eased 45.07 points and closed at 28,061.14 points. Nifty edged down by 11.95 points to 8,697.60 points. The domestic markets witnessed heavy selling pressure in IT, oil and gas and healthcare stocks.

Key Indices on Thursday Further Ease As Profit Booking Persists. Rupee at Forex Market Drops 8 Paise Against US Dollar.

BSE Sensex settled at 27,827.53, lower by 465.28 points. NSE Nifty ended down 153.90 points to 8,591.25. The rupee too was caught in the crossfire, sharply down 39 paise against the US dollar at 66.85.

The market barometer 30-scrip Sensex closed at 28,668.22 points, down 104.91 points or 0.36 per cent from the previous close at 28,773.13 points. The wider Nifty slipped by 35.90 points or 0.40 per cent to 8,831.55 points.

On a weekly basis, the Sensex climbed 749.86 points or 2.69 per cent and the NSE Nifty soared 237.10 points or 2.76 per cent, biggest weekly gains in over two months.

Forex analysts observe that foreign portfolio flows have continued to remain skewed towards the equity segment.

After losing 147.03 points in the last two sessions, Sensex on Thursday rebounded on fresh buying after minutes of the US Fed July meeting cooled rate hike expectations. 

Sensex dropped by 87.79 pts to end at 28,064.6 and Nifty fell 29.60 pts to 8,642.55. 

The Indian currency continued to gain strength against the US dollar for the second straight week.

The rupee on Friday appreciated further by 11 paise to 66.80 against the American currency deals on sustained bouts of dollar selling by exporters and banks amid rallying domestic equities.

The market barometer 30-scrip Sensex closed at 27,803.24 points, up 92.72 points or 0.33 per cent from the previous close at 27,710.52 points

Value buying during the final stages of the day’s trade partially lifted the key indices to close on a flat-to-positive note. 

Infrastructure, PSU and capital goods stocks pulled the key indices lower amid volatility in the market. Rupee fell 10 paise against US dollar owing to increased demand for the greenback from importers. 

Weakness in the US dollar against some other currencies overseas gave the rupee some muscle.

The Centre, RBI and regulators are well prepared and working closely together to deal with any short term volatility.

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