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Mumbai Jan 27 PTI Registering its third straight session of loss the rupee on Thursday depreciated by 31 paise to close at an over four-week low of 7509 against the US dollar tracking the strength of the American currency after a hawkish US Fed policy stance Forex traders said muted domestic equities sustained foreign fund outflows and firm crude oil prices also weighed on the local unit At the interbank foreign exchange market the local currency opened at 7518 against the greenback and witnessed an intra-day high of 7507 and a low of 7531 during the session The rupee finally settled at 7509 down 31 paise over its previous close On Tuesday the rupee had finished at 7478 against the US dollar The forex and equity markets were closed on Wednesday on account of Republic Day This is the third straight session of loss for the local unit during which it has declined by 63 paise Indian rupee depreciated against US dollar on massive risk-off sentiments after the US Feds hawkish stance said Dilip Parmar Research Analyst HDFC Securities Fed as expected indicated a rate hike in March Consequently the dollar rallied following higher treasury yields At the domestic front India 10-year benchmark bond yield surged to 674 per cent the highest since 2019 Parmar added The dollar index which gauges the greenbacks strength against a basket of six currencies was trading 033 per cent up at 9679 Brent crude futures the global oil benchmark dipped 001 per cent to USD 8995 per barrel On the domestic equity market front the BSE Sensex ended 58121 points or 1 per cent lower at 5727694 while the broader NSE Nifty slumped by 16780 points or 097 per cent to 1711015 Foreign institutional investors remained net sellers in the capital market on Tuesday as they offloaded shares worth Rs 709448 crore as per exchange data The Indian rupee skidded to a four-week low as the greenback has surged to the highest levels of the year and as Brent crude firmed up further towards USD 90 a barrel amid geo-political tensions between Russia and Ukraine said Sugandha Sachdeva Vice President - Commodity and Currency Research Religare Broking Ltd The dollar has bumped up against other major currencies as the US Fed struck a hawkish tone and has given strong indications of a rate lift-off starting March The Fed has maintained that inflation is running high and job creation has been strong in the US justifying the need for a fast pace of rate hikes which has led to fund outflows from emerging markets and weighed on other Asian currencies in tandem with the Indian rupee Sachdeva said Going forward we feel that the 7520 mark will still be a strong cushion area for the domestic currency and as the Feds stance is largely on expected lines the domestic currency may find some buying interest thereby paving the way for a recovery path All eyes will now be on the trajectory of crude oil prices and how the situation pans out in Eastern Europe Sachdeva added Jateen Trivedi Senior Research Analyst at LKP Securities said Higher gains in crude pressured the rupee fall as well Going ahead rupee can be seen in the range of 7485-7530 PTI DRR DRR ABM ABM

Mumbai Jan 27 PTI Registering its third straight session of loss the Indian rupee on Thursday depreciated by 30 paise to close at 7508 provisional against the US dollar tracking the strength of the American currency after a hawkish US Fed policy stance Forex traders said muted domestic equities sustained foreign fund outflows and firm crude oil prices also weighed on the local unit At the interbank foreign exchange market the local currency opened at 7518 against the greenback and witnessed an intra-day high of 7507 and a low of 7531 during the session The rupee finally settled at 7508 down by 30 paise over its previous close On Tuesday the rupee had closed at 7478 against the US dollar The forex and equity markets were closed on Wednesday on account of Republic Day This is the third straight session of loss for the local unit during which it has declined by 63 paise Indian rupee depreciated against US dollar on massive risk-off sentiments after the US Feds hawkish stance said Dilip Parmar Research Analyst HDFC Securities Fed as expected indicated a rate hike in March Consequently the dollar rallied following higher treasury yields At the domestic front India 10-year benchmark bond yield surged to 674 per cent the highest since 2019 Parmar added The dollar index which gauges the greenbacks strength against a basket of six currencies was trading 033 per cent up at 9679 Brent crude futures the global oil benchmark dipped 001 per cent to USD 8995 per barrel On the domestic equity market front the BSE Sensex ended 58121 points or 1 per cent lower at 5727694 while the broader NSE Nifty slumped by 16780 points or 097 per cent to 1711015 Foreign institutional investors remained net sellers in the capital market on Tuesday as they offloaded shares worth Rs 709448 crore as per exchange data PTI DRR DRR ABM ABM

New Delhi Sept 23 PTI Gold in the national capital on Thursday declined Rs 294 to Rs 45401 per 10 gram reflecting overnight fall in international precious metal prices and rupee appreciation according to HDFC Securities In the previous trade the precious metal had settled at Rs 45695 per 10 gram In contrast silver gained marginally by Rs 26 to Rs 59609 per kilogram from Rs 59583 per kilogram in the previous trade Spot gold prices for 24 carats in Delhi were down by Rs 294 reflecting overnight fall in COMEX gold prices and rupee appreciation according to HDFC Securities Senior Analyst Commodities Tapan Patel The Indian rupee appreciated 10 paise to 7377 against the US dollar in opening trade on Thursday In the international market both gold and silver were flat at USD 1768 per ounce and USD 2278 per ounce respectively Gold prices traded steady with spot gold prices at COMEX trading at 1768 per ounce on Thursday Patel added Navneet Damani VP Commodities Research Motilal Oswal Financial Services Gold prices inched lower after an initial appreciation amidst the Feds slightly hawkish statements The US Federal Reserve said it will likely begin reducing its monthly bond purchases as soon as November and signalled interest rate increases may follow more quickly than expected PTI SUM SHW SHW

New Delhi Aug 31 PTI The BSE benchmark index Sensex has soared over 9 per cent this month to scale the 57000-mark for the first time on Tuesday as the bull run continues in the equity market The blue chip index reached an all-time intraday high of 5762526 on Tuesday the last trading session of August a month that has seen the stock market making many new records The 30-share index closed with a gain of 66263 points or 116 per cent at 5755239 its record close Reflecting the strong stock market sentiments despite lingering worries over possible tapering by the US Federal Reserve the market capitalisation of BSE-listed companies jumped to an all-time high of Rs 2500208401 crore at the close of trade on Tuesday Led by bulls domestic indices breached record highs amid broad-based buying due to continuation of Feds dovish policy and the expected release of domestic GDP data said Vinod Nair Head of Research at Geojit Financial Services This is the fourth day of rally in the equity market during which the BSE benchmark has jumped 160818 points or 287 per cent Earlier on August 4 for the first time the Sensex sailed past 54000 points both at intra-day and closing levels After nine days on August 13 the index crossed the 55000 mark and also closed above this level The next 1000 points-level was scaled in less than a weeks time as the benchmark climbed the 56000-peak for the first time in intra-day trade on August 18 Then on August 27 it closed above the 56000-mark for the first time Both Nifty and Sensex touched the mark of 17000 and 57500 respectively making their new lifetime highs The rally is expected to continue unless there is any change in global cues Rahul Sharma Co-Founder Equity99 said PTI SUM RAM DRR DRR