INSUBCONTINENT EXCLUSIVE:
Rupee Vs Dollar Today: The rupee settled at 73.86 against the dollarSnapping its eight-session losing streak, the rupee rose 22 paise
At the interbank foreign exchange market, the local unit opened lower at 74.10 against the dollar
It touched an intra day low of 74.27 tracking a weak trend in domestic equities, before closing at 73.86 per dollar
eight trading sessions till Thursday
On Thursday, June 17, the domestic currency plunged by as much as 76 paise to settle at 74.08 against the dollar, after the outcome of the
US Federal Reserve policy
Yesterday, it recorded its single-biggest fall in over two months
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading at 91.93, up 0.05 per
Importers were lucky to get an appreciating move till 72.40 and now are sitting risk-free,'' said Mr Amit Pabari, MD, CR Forex.''While
exporters who were advised to cover partially in the range of 73.30-73.40 and wait for a further upside momentum could now encash gains from
inflection point, though optimism over Fed rate hikes is keeping the USDINR afloat, the price activity suggest that revaluation of
positioning is currently taking place
Today's weekly closing will be important for more clear direction for USDINR in coming days
keep an eye on US economic recovery and signals from the Fed, global commodity prices, new Covid cases - pace of vaccination process in
India, unlock measures by various states, GST collections, monsoon development Pan India and consistency of reforms from the government,''
he added.According to exchange data, the foreign institutional investors were net sellers in the capital market on June 17 as they offloaded
shares worth Rs 879.73 crore
