Rupee falls 18 paise to close at 81
时间:2024-06-26 08:35:20 阅读(143)
The rupee depreciated 18 paise to close at 81.85 (provisional) against the US dollar on Wednesday on dollar demand from importers and recovery in crude oil prices.
Forex traders said sustained foreign fund outflows and concerns over rising COVID-19 cases in China also weighed on investor sentiments.
Also Read| Nifty, Sensex end with marginal gains as dollar falls, Bank Nifty hits new record high; Fed minutes eyed
The domestic unit finally settled at 81.85 against the American currency, registering a fall of 18 paise over its last close of 81.67.
“Indian Rupee depreciated on Dollar demand from importers and recovery in crude oil prices. FII outflows also weighed on Rupee,” said Anuj Choudhary – Research Analyst at Sharekhan by BNP Paribas.
However, the soft US Dollar and positive domestic markets cushioned the downside. The US Dollar declined on Tuesday on hopes that the Fed may cool down its pace of rate hikes.
The dollar index, which gauges the greenback’s strength against a basket of six currencies, fell 0.21 per cent to 106.99.
Global oil benchmark Brent crude futures advanced 0.91 per cent to USD 89.16 per barrel.
Foreign Institutional Investors (FIIs) were net sellers in capital markets as they offloaded shares worth Rs 697.83 crore on Tuesday, according to exchange data.
“We expect the Rupee to trade with a negative bias on concerns over rising COVID-19 cases in China and hawkish Fed speak. Though some Fed officials hint that they are open to a slower pace of rate hike, the US central bank will not pause its rate hike,” Choudhary said.
Also Read| Dharmaj Crop Guard IPO opens for retail investors on 28 Nov, price band fixed at Rs 216-237
Traders may take cues from manufacturing and services PMI, durable goods orders and new home sales data. They will remain cautious ahead of the Federal Open Market Committee (FOMC) meeting minutes later today, Choudhary added.
On the domestic equity market front, the 30-share BSE Sensex rose 91.62 points or 0.15 per cent to end at 61,510.58, while the broader NSE Nifty advanced 23.05 points or 0.13 per cent to 18,267.25.
上一篇:Adani group stocks surge as Nifty hits record high; market cap crosses Rs 12 lakh crore
下一篇:World’s largest white diamond – ‘The Rock’, goes up for auction; see stunning images
猜你喜欢
- Crude oil prices end week positively amidst middle east tensions and supply disruptions, eyes on OPEC+ meeting in February
- 52-week High and Low- HDFC AMC, Divi’s Labs among 56 stocks to hit fresh lows on BSE, 64 scrips at new highs
- 90% traders in F&O segment incur losses- Sebi study
- Nifty to reclaim 18200 or bears to grip Dalal Street again- 7 things to know before share market opening bell
- Nifty, Sensex snap 3-day rally to end in red ahead of Q4 GDP data; volatility to continue
- Colourful lights, laser show illuminate new Parliament building – See Stunning Photos
- Adani open offer- Nearly 28 lakh NDTV shares tendered by Day 3
- Closing Bell-Indian Indices close flat- Nifty settles above 19,400, Sensex over 64,900; Pharma gains, realty slumps
- Nifty to prolong ongoing consolidation in 18500-18000 range; Bank Nifty key support placed at 42700 level