Mumbai Jan 19 PTI The Indian rupee snapped its three-day losing streak to settle 14 paise higher at 7444 against the US dollar on Wednesday in line with positive Asian peers against the greenback The rupee gain however was restricted by a host of factors including weak domestic equities surging crude oil prices and sustained selling by FIIs in domestic markets At the interbank foreign exchange market the rupee opened lower at 7470 a dollar registering a decline of 12 paise from the last close During the day it pared losses and witnessed an intra-day high of 7432 The domestic unit finally settled at 7444 against the American currency up 14 paise over its last close On Tuesday the rupee slumped by 33 paise to close at a two-week low of 7458 against the US dollar The Indian rupee gained the most in a week following stronger regional currencies Domestic bond markets saw a recovery on suspected intervention by the central bank which helped in rupee recovery said Dilip Parmar Research Analyst HDFC Securities Also the relentless selling of dollars from corporates caused speculative unwinding of positions Parmar said Spot USDINR is expected to consolidate within the 7425 to 7480 band in the coming days he added Rupee traded volatile with weak opening trend in morning session and picked up strength later taking support near 7460 and thereafter rallied towards 7440 on the back of weakness in the dollar Jateen Trivedi Senior Research Analyst at LKP Securities said Technical resistance for USDINR also supported rupee from 7460 where it has shown resistance to cross earlier in Jan 2022 start and going ahead market shall be in range of 7425-7460 he added Meanwhile the US dollar index which measures the greenbacks strength against the basket of six currencies fell 011 per cent to 9562 Brent crude futures the global oil benchmark jumped 094 per cent to USD 8833 per barrel Foreign institutional investors remained net sellers in the capital market on Tuesday as they offloaded shares worth Rs 125495 crore as per stock exchange data On the domestic equity market front the BSE Sensex ended 65604 points or 108 per cent lower at 6009882 while the broader NSE Nifty declined 17465 points or 096 per cent to 1793840 PTI DRR BAL MKJ

Mumbai Oct 22 PTI The rupee weakened by 3 paise to end at 7490 against the US currency on Friday weighed down by a muted trend in domestic equities and firm crude oil prices At the interbank foreign exchange market the local currency opened at 7482 and witnessed an intra-day high of 7469 and a low of 7494 against the US dollar in the day trade The local unit finally settled at 7490 a dollar down 3 paise over its previous close On Thursday the rupee had settled on a flat note at 7487 against the US dollar Brent crude futures the global oil benchmark advanced 043 per cent to USD 8497 per barrel On the domestic equity market front the BSE Sensex ended 10188 points or 017 per cent lower at 6082162 while the broader NSE Nifty declined 6320 points or 035 per cent to 1811490 The Indian rupee traded sideways for another day but manages to buck the trend by gaining on weekly basis as it recovered after four consecutive weekly loss following stronger Asian currencies in particularly Chinese Yuan which is near four months high versus dollar said Dilip Parmar Research Analyst HDFC Securities The rupee expected to trade in range as at one end there could be good dollar inflows from IPOs and QIP while month end dollar demand could be seen from oil marketing companies Parmar added Spot USDINR is expected to consolidate in the range of 7460 to 75 range he said Meanwhile the dollar index which gauges the greenbacks strength against a basket of six currencies was trading 018 per cent down at 9360 Foreign institutional investors were net sellers in the capital market on Thursday as they offloaded shares worth Rs 281890 crore as per exchange data PTI MKJ

Mumbai Aug 31 PTI The rupee strengthened further by 29 paise to close at 7300 provisional against the US dollar on Tuesday marking the fourth straight session of gain following a firm trend in domestic equities and foreign fund inflows At the interbank forex market the local unit opened at 7326 against the greenback and later gained strength to settle at 7300 higher by 29 paise over its previous close of 7329 The local unit moved in a range of 7299 to 7329 in the day trade The rupee has spurted by 124 paise against the dollar in four straight sessions to Tuesday Meanwhile the dollar index which gauges the greenbacks strength against a basket of six currencies was trading down 012 at 9254 Rupee appreciation continues for the fourth day in row and became the best performing currency among Asian currencies following rebound in economic activities along with huge foreign fund inflows Dilip Parmar Research Analyst HDFC Securities said Markets are pricing continuation of inflows from foreigners after regulatory curb by the Chinese government Apart from speculative inflows FDI inflows are also supporting the local currency Parmar said Spot USDINR is expected head towards June low of 7232 once the level of 7274 breaches while on higher side 7364 becomes the strong resistance he added On the domestic equity market front the BSE Sensex ended 66263 points or 116 per cent higher at a lifetime high of 5755239 while the broader NSE Nifty advanced 20115 points or 119 per cent to a record closing of 1713220 Brent crude futures the global oil benchmark fell 083 per cent to USD 7280 per barrel Foreign institutional investors were net buyers in the capital market on Monday as they purchased shares worth Rs 120281 crore exchange data showed PTI DRR MR MR

Mumbai Aug 30 PTI The rupee surged by 40 paise to close at 7329 provisional against the US dollar on Monday supported by a firm trend in domestic equities and a weak American currency At the interbank forex market the local unit opened strong at 7346 against the greenback and later gained strength to settle at 7329 higher by 40 paise over its previous close of 7369 The local unit moved in a range of 7321 to 7354 in the day trade The rupee logged the third straight session of gain on Monday In the three trading sessions the local unit appreciated by 95 paise against the US dollar Meanwhile the dollar index which gauges the greenbacks strength against a basket of six currencies was trading unchanged at 9268 The Indian rupee continued Fridays upward momentum and became the second-best performing currency among Asian basket said Dilip Parmar Research Analyst HDFC Securities The weakness in the dollar a sharp surge in demand for risk assets and expectations of high dollar inflows in the coming month through FDI and FII routes well-supported the Indian rupee Parmar added Spot USDINR is expected to head towards a psychological level of 73 once the level of 7320 breaks and find resistance at 7365 he noted On the domestic equity market front the BSE Sensex ended 76504 points or 136 per cent higher at 5688976 while the broader NSE Nifty advanced 22585 points or 135 per cent to 1693105 Brent crude futures the global oil benchmark fell 022 per cent to USD 7254 per barrel Foreign institutional investors were net sellers in the capital market on Friday as they offloaded shares worth Rs 77875 crore as per exchange data PTI DRR MR MR