INSUBCONTINENT EXCLUSIVE:
Rupee Vs Dollar Today: The rupee settled at 74.23 against the dollarThe rupee depreciated by four paise on Tuesday, June 29, to settle
In an early trade session, the local unit weakened by seven paise to 74.26 against the greenback
against a basket of six currencies, rose 0.10 per cent to 91.97.''Given liquidity boosting measures will have a negative impact on the
fiscal figure and slippage is likely to remain a big concern
Hence, rather than a welcoming move, we are seeing a slightly depreciating move in the rupee....On the flow side, FII seems booking their
profit as indices retraced from an all-time-high in the recent days ahead of uncertainty on the COVID variant,'' said Mr Amit Pabari, MD, CR
Forex.''RBI's unexpected move in their forex book towards month-end could call the volatility back in the USDINR pair
Overall, additional fiscal plan, stronger dollar demand and variant concern could pressurize on the rupee in the near term
Broadly, we are expecting that it will be trading in the range of 73.50 to 74.50 in the near term before the above triggers take it towards
75.00-75.20 levels over the medium term,'' he added.On the domestic equity market front, the BSE Sensex ended 185.93 points or 0.35 per cent
Weakness in the Asian markets, consistent selling pressure from FIIs since the last three days, and steadiness in the prices of Brent crude
Technical Research at Kotak Securities.''Today, we witnessed weakness in financials, metals, and auto companies, which is an indication of
and 15670/52300 levels,'' added Mr Chouhan.According to exchange data, the foreign institutional investors were net sellers in the capital
market on June 28 as they offloaded shares worth Rs 1,658.72 crore
