Rupee rises 7 paise against US dollar in early trade
时间:2024-06-17 02:33:32 阅读(143)
The rupee was trading in a narrow range and appreciated by seven paise against the US dollar in early trade on Wednesday, amid a muted trend in domestic equities.
Forex traders said the rupee is trading in a narrow range as investors remain cautious ahead of the BRICS summit and US Federal Reserve Chair Jerome Powell’s speech at Jackson Hole Symposium this week.
On Tuesday, the rupee had recovered from its all-time low levels and settled higher by 14 paise at 82.99 against the US dollar.
“Market awaits with baited breadth the Jackson Hole Symposium between 24th and 26th in which Fed Chairperson’s speech will be keenly watched,” said Anil Kumar Bhansali, Head of Treasury and Executive Director, Finrex Treasury Advisors LLP.
Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, fell 0.08 to 103.48.
Brent crude futures, the global oil benchmark, rose 0.17 per cent to USD 84.17 per barrel.
In the domestic equity market, the 30-share BSE Sensex was trading 8.36 points or 0.01 per cent higher at 65,228.39. The broader NSE Nifty advanced 8.20 points or 0.04 per cent to 19,404.65.
Foreign Institutional Investors (FIIs) were net sellers in the capital markets on Tuesday as they offloaded shares worth Rs 495.17 crore, according to exchange data.
上一篇:Buy these two stocks for gains; 17200 to act as support for Nifty, Bank Nifty upside capped at 40000
下一篇:Winning streak ends as consumer, auto stocks drag indices down
猜你喜欢
- Closing Bell- Markets end first session after Diwali in red- Nifty closes below 19,500, Sensex down 326 pts; IT and Consumer Durables key laggards, PSU banks buck the trend
- Zaggle Prepaid makes muted market debut; shares settle over 3 per cent lower
- CASE Construction partners IIT Indore to set-up Centre of Excellence
- Canada PR caregiver programs to accept fresh applications from January 1, 2024
- Nifty positively biased, witnessing short covering bounce, traders should buy on dips; Bank Nifty sees selling pressure
- WinZO teams up with IITs and US universities; develops skill-based game statistical model
- Nifty may fall to 16300, Bank Nifty to 36300 by Aug-end; Sanjiv Bhasin bets on these sectors - IIFL Interview
- Nifty may continue to see sell-off in near term; Bajaj Auto, BPCL among top stocks to buy
- Nifty needs to hold 17777 to surge to 17900-1810; Buy these two stocks for gains