Rupee Snaps 2-Day Winning Streak, Settles Lower To 74.20 Against Dollar

INSUBCONTINENT EXCLUSIVE:
the greenback's strength against a basket of six currencies, slipped 0.08 per cent to 91.74.''The rupee is expected to trade in the range
of 74.00-74.40 with a mixed bias amid the absence of key triggers in the market
Broadly, the dollar index is eyeing big triggers from Fed member's tone on the interest rates,'' said Mr Amit Pabari, MD, CR
Forex.''Domestically, hefty investments by FII and FPIs failed to help rupee to recover against USD as oil along with other importers are
rushing to cover their dollars
forward book, just like we had seen over the last three months,'' he added.On the domestic equity market front, the BSE Sensex ended 226.04
India witnessed positive move this week, supported by further decline in new Covid cases and increased pace of vaccination
Market rally was broad based with BSE Midcap and BSE Smallcap index also moving up from correction witnessed in the latter part of last week
Technical Research at Kotak Securities.According to exchange data, the foreign institutional investors were net sellers in the capital
market on Juen 24 as they offloaded shares worth Rs 2,890.94 crore
Brent crude futures, the global oil benchmark, declined 0.34 per cent to $ 75.30 per barrel.