INSUBCONTINENT EXCLUSIVE:
Rupee Vs Dollar Today: The rupee settled at 73.60 against the dollarContinuing its losing streak for the third straight session, the rupee
currency and muted trend in domestic equities
early trade session, the domestic currency slipped 13 paise to 73.55 against the greenback
The local unit closed at 73.60 against the dollar, down 18 paise against its previous close
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.23 per cent higher at
spread of delta variant and its impact on global economic recovery caused the dollar to rebound near 92.50 levels despite weaker than
Traders now await jobless claims data on Thursday and producer prices on Friday for a further update on the US economic
In the past session rupee traded at 73.40 after touching 72.90 last week amid FII outflows, panic importer buying, and RBI intervention
In addition, the rising fears of the third wave could lead to localized lockdowns and hurt rupee hereon
as risk-off sentiments prevailed in equity markets on the back of news of a probable default by second-largest property developer in China,
Evergrande.Corporate outflows were noted on the back of dividend payments
However, dollar selling from exporters and FPIs capped the advance and pushed the pair from 73.70 to 73.60 at close of spot
Limited:''The USD/INR exchange rate opened the day at 73.1250, unchanged from the previous day's finish
exporters.Broad-based purchasing across multiple sectors propelled local equities to new highs, and we can now expect a technical drop this
week from the BSE Sensex and Nifty 50's lifetime highs
During the course of this week, we should expect to see some profit booking.The rupee is currently trading slightly lower as traders prefer
the dollar due to concerns about the global economy's recovery following the release of weaker-than-expected US jobs data, lowering
sentiment for emerging-market assets
After investors postponed expectations of when the US Federal Reserve will begin asset cutting, the dollar index is again trading at its
This gave us an indication that prices may move in a sustainable Bullish trend and the same happened.''On the domestic equity market front,
participation has also picked up marginally
Expect up-move to continue and suggest buying on dips
Trend support is seen at 16760 while near-term support is seen at 17080; on the higher side 17500-17600 can act as resistance while the
medium-term target is seen at 18000.Auto and Energy stocks provide value buying opportunities from the trading perspective; select banking
stocks also remain attractive.''Mr
this week, which would provide greater insight into plans for tapering of asset purchases, which in turn would have implications for
currency markets as well as risk assets
As a result, we have seen a trend of increase in long stock futures positioning by FIIs start to come down over the last
remains cautious, and the market advance still dominated by a handful of stocks
exchange data, the foreign institutional investors were net sellers in the capital market on September 7 as they offloaded shares worth Rs
