Rupee Vs Dollar Today: The rupee settled at 73.29 versus the dollarThe rupee valued by 13 paise versus the United States dollar on Friday, May 14, to settle at 73.29 (provisional), amidst weaker American currency in the global markets.
At the interbank forex market, the domestic system opened at 73.41 against the dollar and signed up an intra-day high of 73.22.
It witnessed a low of 73.41.
In the early trade session, the regional system opened on a flat note, gaining six paise to 73.36 against the greenback.
The rupee closed at 73.29 against the dollar, registering an increase of 13 paise over its previous closing.On Wednesday, May 12, the regional unit decreased eight paise to settle at 73.42 versus the dollar.
On Tuesday, May 11, the rupee settled practically flat to 73.47 against the American currency.
The dollar index, which determines the greenback's strength against a basket of 6 currencies, slipped 0.23 per cent to 90.54.
USDINR after going to 73.70 in NDF has fallen back to its level of 73.45 and should open someplace there.
Great deals of circulations and less buyers is keeping it well offered at any higher level whether in NDF or domestic market in spite of equities down, said Mr Anil Kumar Bhansali, Head of Treasury, Finrex Treasury Advisors.
The USD/INR currency exchange rate opened the day at 73.37 down by 0.18 paisa versus USD from the previous day's close.
ICMR (Indian Council Of Medical Research) Chief, said in an interview that lockdown must be continued in those districts where rate of covid infection is greater than or equal to 10 percent.
The effect of this may be seen in upcoming sessions on currency markets along with on domestic stocks, stated Kshitij Purohit, Lead International Products - Products at CapitalVia Global Research Limited.On the domestic equity market front, the BSE Sensex ended 41.75 points or 0.86 percent greater at 48,732.55, while the broader NSE Nifty dropped 18.70 points or 0.13 per cent to 14,677.80.
The last week has been unpredictable for the traders, the week began on a positive note however due to incredibly unsure global hints index shed over 370/ 1100 points or nearly one percent.
Among Sectors, after a robust rally metal stocks witnessed revenue reservation, in this week alone the Metal index remedied over 4.5 percent, stated Shrikant Chouhan, Executive Vice President, Equity Technical Research at Kotak Securities Nifty-50 is down by ~ 1 percent today as markets are fretted about threats from increasing inflation internationally and extension of Covid-19 limitations in numerous states in your area.
After seeing unmatched up relocation considering that the start of the year the BSE Metal Index fell by four per cent this week, said Rusmik Oza, Executive Vice President, Head of Basic Research Study at Kotak Securities.
PSU stocks were major gainers today led by names like Coal India, IOC, Power Grid and NTPC.
The BSE PSU Index was up three percent today ...
The worldwide correction and potential effect of product prices on this quarter's incomes can cause some kind of correction in Indian markets in the really future, he added.According to exchange data, the foreign institutional investors were net sellers in the capital market on May 12 as they unloaded shares worth Rs 1,260.59 crore Brent unrefined futures, the international oil criteria, increased 1 per cent to $ 67.72 per barrel.