Rupee falls 1 paisa to close at 83
时间:2024-09-29 02:50:10 阅读(143)
The rupee settled on a flat note with a loss of just 1 paisa at 83.04 (provisional) against the dollar on Thursday on the back of strengthening American currency and sharp rise in crude oil prices.The domestic currency broke its six-day gaining streak despite positive equity market sentiment, as foreign funds outflow dented sentiments.
At the interbank foreign exchange market, the local unit opened at 83.05 and traded between the peak of 82.93 and the lowest level of 83.08 against the greenback during the intra-day deals.It finally settled at 83.04 (provisional) against the dollar, down by just 1 paisa over its previous closing level.”The Indian rupee is trading flat. It opened on a positive note on weak Dollar and positive domestic markets. However, it lost its initial gains on some FII outflows and a slight recovery in crude oil prices. The US dollar declined on Wednesday as traders trimmed their positions ahead of inflation data,” Anuj Choudhary Research Analyst, Sharekhan by BNP Paribas.
The domestic currency had gained 10 paise on Wednesday. The rupee has witnessed a cumulative gain of 29 paise in the previous six sessions since the level of 83.32 versus dollar recorded on January 2.Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading 0.06 per cent higher at 102.14 on Thursday.Brent crude futures, the global oil benchmark, surged 1.67 per cent to USD 78.08 per barrel.
On the domestic equity market front, Sensex rose 63.47 points, or 0.09 per cent, to settle at 71,721.18 points. The Nifty advanced 28.50 points, or 0.13 per cent, to 21,647.20 points.Foreign institutional investors (FIIs) sold shares worth Rs 1,721.35 crore on Wednesday, according to exchange data.
猜你喜欢
- SGX Nifty up- Delhivery, Venus shares listing, Aether IPO, Q4 nos, Nifty technical view; Key things to watch
- Weather Update- Widespread fog and severe cold grip Northwest and East India; IMD says chilly conditions to continue
- Sexual wellness brand MyMuse secures $2
- Share Market Highlights- Sensex and Nifty ends at all time high, Nifty Settles above 21,650, Sensex near 72,000- PSU Banks and Auto stocks lead the gains
- Wall Street 2023- How the year unfolded to trap predictors and bears on the wrong footing
- Wall Street stocks slump as investors absorb 75 bps rate hike, hawkish Fed message
- Vistara announces Mumbai-Paris non-stop flight – Know the launch date, frequency and more
- in the mid-1990s. By 2022 the investment was valued at $47 billion.
2. Warren Buffett talked about his business partner Charlie Munger in his letter. He said they both think alike but what it takes Warren Buffett a page to explain, Charlie Munger sums up in a sentence. Charlie Munger’s version, moreover, is always more clearly reasoned.
The lesson for investors: “I will add to Charlie’s list a rule of my own: Find a very smart high-grade partner – preferably slightly older than you – and then listen very carefully to what he says,” Warren Buffett said.
3. Warren Buffett emphasised that his long-time business partner Charlie Munger and he are business pickers, not stock pickers. He further said that efficient markets exist only in textbooks.
“We own publicly-traded stocks based on our expectations about their long-term business performance, not because we view them as vehicles for adroit purchases and sales. That point is crucial: Charlie and I are not stock-pickers; we are business pickers,” Warren Buffett said.
- Share Market Highlights- Nifty settles above 18800, Sensex jumps 440 pts; Bank Nifty above 44100, HDFC Life, HDFC Bank gain