INSUBCONTINENT EXCLUSIVE:
Rupee Vs Dollar Today: The rupee settled at 73.07 against the dollarContinuing its losing streak for the fourth straight session, the rupee
declined by one paise against the US dollar on Friday, June 11, to settle at 73.07 amid stronger American currency and rising crude oil
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.15 per cent to 90.21
event, the Fed's meeting next week, although there may not be much of a shift in rhetoric
If Fed hints that tapering discussion may be closer than before, a knee-jerk spurt may be witnessed in USDINR spot, but Fed won't rush into
Rahul Gupta, Head Of Research- Currency, Emkay Global Financial Services.''The stronger inflow into the domestic equity market could limit
the upside in the pair for a while and RBI's continuous spot intervention could limit the downside upto 72.50-70 levels
Overall, we expect that the USDINR pair should trade in the tight range of 72.50-73.20 zone before any big trigger gives a breakout on
However, the chances of upper side breakout are higher as RBI's buy spot, sell forward swap could not allow further downside,'' said Amit
Pabari, MD, CR forex.On the domestic equity market front, the BSE Sensex ended 174.29 points or 0.33 per cent higher at 52,474.76, while the
remained resilient this week
BSE Sensex and Nifty 50 continued to make record highs during the week
Both BSE Sensex and Nifty 50 moved up by 0.8% each in the week
Market rally remained broad based with healthy rally witnessed in BSE Midcap and BSE Smallcap index
Research at Kotak Securities.According to provisional data, the foreign institutional investors (FIIs) remained net buyers in the capital
