Rupee Edges Lower By Eight Paise To 73.63 Against Dollar

INSUBCONTINENT EXCLUSIVE:
In an early trade session, the local unit depreciated by eight paise to 73.63 against the dollar
foreign institutional investors were net buyers in the capital market as they purchased shares worth Rs 2,264.38 crore on a net basis on
December 14."The rupee depreciated marginally against the dollar this Tuesday tracking weakness in most regional currencies as risk appetite
waned as many countries are imposing fresh COVID-19 restrictions which could derail a global economic recovery," said Sriram Iyer, Senior
Research Analyst at Reliance Securities.On the domestic equity market front, the BSE Sensex ended at 9.71 points or 0.02 per cent higher at
''Nifty has formed a pattern on daily charts similar to that on Monday with 13590-13598 being a crucial resistance
As it has closed only 30 points away from this band it has a good chance to make a new high in the coming few days
Deepak Jasani, Head of Retail Research, HDFC Securities.''Volumes on the NSE were in line with recent averages
Among sectors, all of them ended in the negative except Media, Auto - Metal indices
intra-day low to end flat
Although the global markets were weak, our markets managed to bounce back quickly
The market is moving in a range of 13400 and 13600 levels
More importantly it has become highly stock specific
Today too, we saw activity in stocks that have failed to perform in the last 5 to 10 trading sessions
per barrel.