INSUBCONTINENT EXCLUSIVE:
inched two paise higher against the US dollar on Friday, August 4, to settle at 74.15 (provisional) after the announcement of the RBI
registered an intra-day high of 74.10
In an early trade session, the domestic unit gained seven paise to 74.10 against the greenback
The rupee finally settled at 74.15, higher by two paise over its previous close.On Thursday, August 5, the local unit settled at 74.17
against the American currency
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, climbed 0.18 per cent to 92.41
retail inflation projection for the current fiscal to 5.7 per cent on account of the supply-side impediments, firm crude oil prices, as well
keep the attention intact
It is expected that US has added 870K job in July and the unemployment rate to further hit a low of 5.7 per cent
If they deliver the same, then we could see DXY hitting 92.65 to 92.80 levels
Overall, the impact of IPO flows could not help currency today as RBI policy could dominate over other factors.For the short term, we are
expecting that the USDINR pair should bottom out soon near 74.00-74.10 levels and recover back towards 74.40-50 levels
If that level is convincingly crossed, then 74.90-75.00 could be seen.''Kshitij Purohit, Lead International - Commodities at CapitalVia
Global Research Limited:''During early Thursday trading, the USD/INR rose to 74.23, up 0.05 percent intraday
During its three-day decline, the Indian rupee (INR) pair fell to its lowest level since June 22 before a recent corrective pullback
pre-data/events worry.The US Dollar Index (DXY) is down the most this week as market participants await critical data amid the stimulus
Fears of a covid outbreak prompted the US Centers for Disease Control and Prevention (CDC) to declare a temporary prohibition, which will
expire on October 3, after the CDC noted the sharpest increase in cases in February.''Domestic Equity Markets Today:On the domestic equity
market front, the BSE Sensex ended 215.12 points or 0.39 per cent lower at 54,277.72, while the broader NSE Nifty slipped 56.40 points or
The RBI's decision to keep the policy rates unchanged failed to woo investors as the status quo was already priced in the
market.Technically, on weekly charts, the Nifty has formed a strong breakout formation, which indicates a further uptrend from current
We are of the view that the medium-term trend is bullish and buying on dips and selling on rallies would be the ideal strategy for the
they offloaded shares worth Rs 719.88 crore
