INSUBCONTINENT EXCLUSIVE:
Rupee Vs Dollar Today: The rupee settled at 74.46 against the dollarThe rupee valued for the 2nd session and gained 15 paise against the
United States dollar on Thursday, July 22, to settle at 74.46 in the middle of positive domestic equities
At the interbank foreign exchange market, the local unit opened at 74.46 against the dollar and signed up an intra-day high of 74.33
The rupee settled at 74.46, greater by 15 paise over its previous close
In an early trade session, the domestic unit acquired 18 paise to 74.43 versus the greenback.On Tuesday, July 20, the local unit settled at
74.61 versus the American currency
The forex market was closed on Wednesday, July 21 on account of the Eid celebration
In the 2 straight sessions, the domestic currency has valued 42 paise versus the dollar
The dollar index, which assesses the greenback's strength against a basket of six currencies, decreased 0.01 per cent to 92.74
What experts say: Mr Amit Pabari, MD, CR Forex: Globally, the dollar index remains combined around 92.78 while the yield on US 10-year
Treasury increased for the 2nd day to 1.30 per cent, as financiers take time out to reassess the impact of the brand-new covid variant on
Hereon, it will be careful to see whether the rise in United States yields remains sustainable above 1.3 percent
In previous session, rupee retraced back from its essential resistance of 74.90 led by dollar selling by exporters
The next significant important assistance of the set stays in the range 74.20-74.40 levels
With constant flows on account of Zomato IPO's , the RBI was seen purchasing dollars around 74.20-45 zone and suppressing the rupee's
Anindya Banerjee, DVP, Currency Derivatives - Rates Of Interest Derivatives at Kotak Securities: Over this year, risk-off events have
actually not been sustained beyond 24-48 hours
The last one was no exception
After a quick sell-off in global equity markets On Monday, the risk-on state of mind is back highly
Equity markets are higher and the United States dollar index is trading lower
Asian currencies are also making headway versus the US dollar.USD INR spot touched an intra-day low of 74.33, the most affordable level
However, supposed intervention from RBI pulled it back towards 74.47 by close of trading, still down 15 paise for the day.All eyes on the
Over the near term, USDINR may continue to oscillate within a series of 74.20-74.60, bracketed by RBI's need for $ and run the risk of on
Domestic Equity Markets Today: On the domestic equity market front, the BSE Sensex ended 638.70 points or 1.22 percent greater at 52,837.21,
while the broader NSE Nifty climbed 191.95 points or 1.23 percent to 15,824.05
Shrikant Chouhan, Executive Vice President, Equity Technical Research at Kotak Securities: The market saw a robust pullback rally on the
weekly expiry day after seeing a sharp correction in the last three sessions
Today, after a strong space up, opening indices maintained strong momentum throughout the day.Post strong intraday very first hour activity,
the index consolidated in the variety of 15750-15825/ 52600-52800 levels and ultimately closed near the day's highest level which is
broadly positive for the bulls
Amongst sectors, the Metal index gained one of the most and rallied over 3 percent, with strong formation recommending further upside from
current levels.We are of the view that 15750/ 52600 and 15700/52400 levels would act as vital assistance levels for Nifty/ Sensex
Above the exact same, pullback rally is likely to continue as much as 15880-15920/ 53200-53400 levels
On the other side, below 15700/ 52400, the uptrend texture would be susceptible
According to exchange data, the foreign institutional investors were net sellers in the capital market on July 21 as they unloaded shares
Brent unrefined futures, the worldwide oil benchmark, increased 0.98 to $ 72.94 per barrel.
