![]() ![]() The broader NSE Nifty advanced 1.55 points to 18,265.95.Foreign Institutional Investors (FIIs) were net buyers in the capital markets on Monday as they purchased shares worth Rs 2,123.76 crore, according to exchange data. ![]() On the domestic equity market front, the 30-share BSE Sensex closed 2.92 points lower at 61,761.33. We expect USD/INR spot to trade in between 81.60 to 82.75 in the near term," Choudhary added. Investors may remain cautious ahead of inflation data from India and the US later this week. Indias central bank intervenes to prop up rupee amid strong dollar - report. "However, softening crude oil prices at higher levels and FII inflows may support the rupee at lower levels. "We expect the rupee to trade with a negative bias on the strong Dollar amid safe haven appeal on the back of risk aversion in global markets and worries over a global economic slowdown. "US Dollar gained on risk aversion in global markets and as the Federal Reserve's Senior Loan Officer Opinion Survey shows banks continued to tighten credit conditions for business and households, but it was better than expected," Choudhary added.īrent crude futures, the global oil benchmark, declined 0.88 per cent to USD 76.33 per barrel. The dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.10 per cent to 101.47. However, soft crude oil prices cushioned the downside, said Anuj Choudhary – Research Analyst at Sharekhan by BNP Paribas. The rupee depreciated and is at its lowest level in two and half weeks on the positive US Dollar index. On Monday, the rupee settled at 81.78 against the dollar. Convert United States Dollar To Indian Rupee 1 USD 82.2563 INR 22:31 UTC Send Money Check the currency rates against all the world currencies here. Non-deliverable forwards indicate the rupee will open at around 82.10-82.12 to the US dollar compared with 82.09 in the previous session Rupee falls 15 paise to close at 82.09 against US. Market positioning is for a 25 basis point hike, though it reflects a chance of a 50 bps increase.The rupee fell 27 paise to close at 82.05 (provisional) against the US currency on Tuesday, weighed down by a strong greenback against major rivals overseas and a muted trend in domestic equities.Īt the interbank foreign exchange, the domestic unit opened at 81.84 against the dollar and slipped below the 82 levels to close at 82.05 (provisional), down 27 paise from its previous close.ĭuring the day, the rupee witnessed a high of 81.83 and a low of 82.15 against the greenback. The European Central Bank will announce its rate decision later in the day. central bank hinting at pausing its aggressive tightening cycle. Markets did not price in a significant surprise over rate hikes by the Federal Reserve compared with previous meetings, said Anand James, Chief Market Strategist at Geojit Financial Services, as he pointed towards the rupee's subdued reaction despite the U.S. Meanwhile, Indian equities received inflows worth 33.35 billion rupees ($407.71 million) this week as of Wednesday. The dollar index recovered slightly on Thursday after falling 0.6% in the previous session. USD to INR Exchange Rate - Bloomberg Markets Live Now Bloomberg TV+ Bloomberg Markets Europe Anchored by Anna Edwards and Mark Cudmore, Bloomberg Markets Europe is a fast-paced hour of. India's forex markets were off on Monday and are shut again on Friday for a local holiday. ![]() But an improving balance of payments position bodes well in the medium-term, although gains will likely be limited," John Bromhead, FX strategist and macro economist at ANZ, said at the Reuters Global Markets Forum on Thursday.įor the week, the rupee fell 0.03% to the dollar and was in a range of 81.945 to 81.66. "The Indian rupee continues to behave in a range-bound manner, thanks to the RBI's intervention. On Monday, the rupee settled at 81.78 against the dollar. There were dollar bids from oil marketing companies seen on Thursday, two traders said. The Reserve Bank of India (RBI) likely stepped in to cap the rupee's sporadic upside through the week, traders said. Federal Reserve changing its forward guidance to indicate a conditional pause. The rupee ended at 81.80 compared with 81.8175 in the previous session despite the U.S. The Indian rupee was little changed at close on Thursday in a holiday-shortened week, as likely dollar purchases by the central bank offset foreign inflows into the domestic equity market. ![]()
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