Rupee Vs Dollar Today: The rupee settled at 74.07 against the dollarContinuing its winning streak for the 4th straight day, the rupee climbed up 29 paise against the United States dollar on Thursday, April 29, to settle at 74.07 (provisional), tracking a favorable pattern in domestic equities.
At the interbank forex market, the domestic system opened at 74.20 against the dollar and signed up an intra-day high of 73.94.
It experienced a low of 74.23.
In an early trade session, the domestic system got 16 paise to 74.20 against the greenback.
The rupee ended at 74.07 against the dollar, recording an increase of 29 paise over its previous closing.This is the 4th straight session of gain for the domestic system in which it has valued 94 paise up until now.
Meanwhile, the dollar index, which evaluates the greenback's strength against a basket of 6 currencies, climbed up 0.09 percent to 90.69.
On the domestic equity market front, the BSE Sensex ended 32.10 points or 0.06 percent higher at 49,765.94, while the broader NSE Nifty increased 30.35 points or 0.20 percent to 14,894.90.
Equity indices ended with marginal gains on April 29 after giving up the majority of the opening gains.
The Nifty opened higher but fell in the early part of the day to make an intra day low at 1050 Hrs.
A weak healing followed amidst volatility on April F-O expiry day.
At close, the Nifty was up 30.40 points or 0.20 percent at 14,894.90, stated Mr.
Deepak Jasani, Head of Retail Research Study, HDFC Securities.
Unfavorable advance-decline ratio recommends some care amongst market individuals.
15050 could be a resistance on the up for the Nifty while 14695 might serve as a support.
Passing the slow fall seen so far, it appears that Nifty has not yet made a top in this upmove, he included.
The market experienced some strong pattern and an effort to overcome the resistance level around the Nifty 50 Index level of 15000.
While sustaining above 14800 is the key factor from a short-term viewpoint, our research study suggests, keeping above this level market to gain momentum and to open eviction for a motion till 15200, said Ashis Biswas, Head of Technical Research at CapitalVia Global Research Limited.According to exchange information, the foreign institutional financiers were net buyers in the capital market as they purchased shares worth Rs 766.02 crore on April 28.
Brent unrefined futures, the worldwide oil benchmark, increased 1.07 per cent to $ 67.99 per barrel.