INSUBCONTINENT EXCLUSIVE:
Rupee Vs Dollar Today: The rupee settled at 72.60 against the dollarThe rupee appreciated 17 paise against the US dollar on Thursday, May
27, to settle at 72.60 (provisionary), tracking positive domestic equities
At the interbank foreign exchange market, the domestic unit opened at 72.75 against the dollar and registered an intra-day high of 72.53
It registered a low of 72.76
In an early trade session, the regional system opened flat and inched greater by four paise to 72.73 against the greenback
The rupee closed at 72.60 against the dollar, taping an increase of 17 paise over its previous close.On Tuesday, May 25, the domestic
currency settled at 72.77 against the dollar
The forex market was closed on Wednesday, May 26, on account of Buddha Purnima
On the other hand, the dollar index, which determines the greenback's strength versus a basket of six currencies, declined 0.02 percent to
Dollar Index has increased however there is no impact on rupee which is increasing and is among the best performing currency in the Area
It is expiry day in equity and currencies both which might produce a bout of volatility
Exporters may sell above 73 while importers may buy in between 72.65 and 72.75, said Mr
Anil Kumar Bhansali, Head of Treasury - Finrex Treasury Advisors.On the domestic equity market front, the BSE Sensex ended 97.70 points or
0.19 per cent higher at 51,115.22, while the wider NSE Nifty climbed 36.40 points or 0.24 per cent to 15,337.85
Due to the rebalancing of the FTSE index, the marketplace remained heavily volatile on the day of regular monthly expiry of the F-O
The Nifty as soon as again gave buyers the opportunity to purchase on dips
Clever bounced from 15280 to 15380 in a row
The 15430 level is the previous highest and since today's development, Nifty/Sensex bounced from 15280/50475 to 15380/50960 in a row,
stated Shrikant Chouhan, Executive Vice President, Equity Technical Research at Kotak Securities.According to exchange data, the foreign
institutional investors were net purchasers in the capital market on May 26 as they bought shares worth Rs 241.60 crore
Brent unrefined futures, the international oil benchmark, fell 0.78 per cent to $ 68.33 per barrel.
