INSUBCONTINENT EXCLUSIVE:
Rupee Vs Dollar Today: The rupee settled at 73.50 against the dollarThe rupee snapped its three-day losing streak and gained 10 paise
interbank foreign exchange market, the domestic unit opened on a weak note at 73.77 against the dollar and registered an intra day high of
It witnessed a low of 73.85
greenback's strength against a basket of six currencies, fell 0.11 per cent to 92.54.Mr Amit Pabari, MD, CR Forex:''The market now awaits
today's ECB policy announcement, where participants are fairly divided on the central bank's call on reducing their PEPP (emergency)
Those apart, other issues like the US debt ceiling, climate changes, German political election, volatility in crude oil, and geopolitical
tensions in Afghanistan could weaken the EM FX and create a demand for the USD again.Thus, we are expecting that the USDINR pair should
continue to move further higher towards its breakdown point of 74.00 in the near term and if crossed then it could eye 74.40-50 levels
The support is lifted higher at 73.40 and next at 73.20 levels.On the domestic equity market front, the BSE Sensex ended 54.81 points or
Executive Vice President, Equity Technical Research, Kotak Securities Limited:''Markets witnessed another lackluster trading session ahead
of a long weekend and sluggishness across the global indices
Due to lack of follow-through buying interest, benchmark Nifty consolidated in the range of 17250-17450 levels
On weekly charts, the market has maintained a breakout continuation formation but on intraday charts, it has formed a double top formation
which indicates temporary weakness.While the medium-term trend is still positive, traders may prefer to book profits near resistance levels
due to an overstretched rally
For the bulls, 17250 and 17200 would be key support levels.''According to exchange data, the foreign institutional investors were net
sellers in the capital market on September 8 as they offloaded shares worth Rs 802.51 crore
