Posts
The rupee ended at a record low below 83.65 against the dollar despite significant buying in the capital market, registering a fall as the overall market trend remains broadly weak for the rupee, albeit at a slower pace compared to peers. The upcoming weekly jobless data will influence dollar trends, but rupee range volatility is expected to persist. The rupee is anticipated to trade within the range of 83.45-83.75.
The rupee ended at a record low below 83.65 against the dollar despite significant buying in the capital market, registering a fall as the overall market trend remains broadly weak for the rupee, albeit at a slower pace compared to peers. The upcoming weekly jobless data will influence dollar trends, but rupee range volatility is expected to persist. The rupee is anticipated to trade within the range of 83.45-83.75.
Posted by
Able
on
- Get link
- Other Apps
Despite experiencing significant volatility, the domestic market concluded the day positively. In the near term, market attention is expected to centre around the upcoming Union budget and the progress of the monsoon. On the global front, the decline in US bond yields has facilitated robust FII inflows in recent days. The fertilizer stocks exhibited good momentum, driven by the proposed removal of GST & hike in MSP.
Despite experiencing significant volatility, the domestic market concluded the day positively. In the near term, market attention is expected to centre around the upcoming Union budget and the progress of the monsoon. On the global front, the decline in US bond yields has facilitated robust FII inflows in recent days. The fertilizer stocks exhibited good momentum, driven by the proposed removal of GST & hike in MSP.
Posted by
Able
on
- Get link
- Other Apps