INSUBCONTINENT EXCLUSIVE:
Rupee Vs Dollar Today: The rupee settled at 74.24 against the dollarSnapping from its positive session registered yesterday, the rupee
reversed its intra-day losses to settle almost flat against the US dollar on Friday, August 13, at 74.24, tracking a strong rally in
A weaker American currency against its major rivals and lower crude oil rates also supported the local unit to recover from early losses
towards the fag-end of the session
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, declined 0.14 per cent to 92.91
MD, CR Forex:''Globally, the safe heaven dollar remains hovering near 92.95 levels as economic data showed a third consecutive decline in
weekly jobless claims, which added to signs of steady and healing labor market recovery
while Industrial production in India rose 13.6 per cent
This has eased concerns of an immediate shift of policy stance by the central bank
For the rupee, inflows on one side and RBI's buying regime on the other side have tugged the pair in a narrow range of 74.10-74.50
levels.''Kshitij Purohit, Lead International - Commodities at CapitalVia Global Research Limited:''USD/INR extends bounce off weekly low to
In doing so, the rupee (INR) pair prints daily gain for the first time in four days during a quiet day filled with mixed catalysts and a
1.08 per cent to an all-time high of 55,437.29
Securities''During the week, Indian markets took note of ongoing Q1FY22 earning prints, IIP, and CPI data
increasing by 1.6 per cent during the week, while the Sensex was at 55,350 increasing 1.98 per cent during the week
would remain buoyant on the back of US economic recovery, bullish commodity prices, the pace of vaccination process in India, unlock
measures by various states, strong GST collections, monsoon development Pan India, the accommodative stance of the RBI, and consistency of
sectors, amid the optimism on future earnings and the continuation soft money policy by the central bank
faster economic recovery after a more or less normal monsoon do far, and the feeling of having contained the pandemic to a large extent have
all contributed to the rise of the markets.However, as the macro data on growth, employment and prices in the US start flowing in,
indicating a surge in the US economy, the after-effects in the form of potential early tapering, may restrict the upward trajectory of the
