Rupee Appreciates 58 Paise To Settle At 74.35 Against Dollar Amid Favorable Domestic Equities

INSUBCONTINENT EXCLUSIVE:
The rupee appreciated 58 paise against the US dollar on Friday, April 16, to settle at 74.35 (provisional), tracking improved risk appetite
Traders were waiting for RBI to set the upper limit, which is 75.30-75.35, from where the USDINR spot reversed its uptrend..
But the weakness in dollar and Fed's willingness to tolerate more inflation will keep the USDINR spot lower and we expect it to trade in
Commodities at CapitalVia Global Research Limited.''On the upper side, resistance may be tested in the range of 75.25-75.35 for upcoming
domestic equity market front, the BSE Sensex ended 28.35 points or 0.06 per cent higher at 48,832.03, while the broader NSE Nifty
In the US better-than-expected retails sales and jobless claims took US markets higher
Rebound in global growth and upbeat corporate earnings are keeping equity markets at elevated levels
The US 10 Yr bond yield is also slowly coming off from the recent rise which is also providing some relief to global equity markets,''
institutional investors were net buyers in the capital market as they purchased shares worth Rs 979.70 crore on April 15