INSUBCONTINENT EXCLUSIVE:
Rupee Vs Dollar Today: The rupee settled at 74.61 against the dollarThe rupee reversed early losses and gained 27 paise against the US
It witnessed a low of 74.95 and during the session
In an early trade session, the domestic currency declined six paise to 74.94 against the greenback.The domestic unit closed at 74.61 against
the American currency, registering a rise of 27 paise over its previous close
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, slipped 0.05 per cent to 92.84.What
The importers could rush to cover dollar exposure as the USDINR pair is expected to move out of its consolidation phase on the broad dollar
strengthening as the bias of risk appetite is gradually turning towards risk-off after a resurgence of Delta-variant cases globally,
dollars around 74.40-45 zone and curbing the rupee's appreciating move
On the downside, RBI led base of 74.40 will act as crucial support over the medium-term.''Anindya Banerjee, DVP, Currency Derivatives -
of recovery in global stock markets and improving risk sentiments
At the same time, lumpy corporate flows may have pushed USDINR lower as tomorrow being a holiday kept large buyers away from the market
Global Research Limited:''USD/INR trades at 74.75, up 0.16 percent intraday, after climbing for the third day in a row to reclaim a
multi-day high during Monday's Asian session
The rupee (INR) pair, like other currency pairings on the board, justifies the US dollar's safe-haven demand amid the coronavirus
(COVID-19) difficulties.The USDINR July opened on a positive note above 74.80-74.85, breaching a major hurdle in the currency's path to
Today's session showed us that buyers were present on lower levels and were buying in heavy volumes on each meaningful dip and took prices
market front, the BSE Sensex ended 354.89 points or 0.68 per cent lower at 52,198.51, while the broader NSE Nifty declined 120.30 points or
Equity Technical Research at Kotak Securities:"In the backdrop of weakness in global markets, Indian stock gauges continued to decline
Although, technically the market closed above the 15600/52100 level, we believe the pain is not over and the Nifty/Sensex would move to the
Nifty broke support at the 34600 level, pushing the index to the 33900 level
Until the market crosses the 15750/52500 level and closes at the 15750/52500, the strategy should be to reduce the weak long
offloaded shares worth Rs 2,198.71 crore
