2 hours ago
1
The rupee paused its descent and traded level astatine 83.96 against the U.S. dollar successful aboriginal deals connected Friday (October 4, 2024) amid retreating crude lipid prices and a anemic American currency against large Asian rivals.
“Subdued sentiment successful the home equity markets amid monolithic outflows of overseas funds successful the past 3 days played a spoilsport and prevented a betterment successful the rupee,” Forex traders said.
At the interbank overseas exchange, the section portion opened astatine 83.96 against the greenback and failed to retrieve from the heavy plunge witnessed successful the erstwhile session.
On Thursday (October 3, 2024), the rupee slid 14 paise to settee astatine 83.96 against the American currency.
Meanwhile, the dollar index, which gauges the greenback's spot against a handbasket of six currencies, fell 0.05% to 101.69.
Brent crude, the planetary benchmark, skidded 0.03% to $77.60 successful futures trade.
On the home equity marketplace front, the Sensex showed a marginal betterment and inched up 7.26 points oregon 0.01% to 82,504.36, portion the Nifty was 78.60 points oregon 0.31% down to 25,171.50. Both the indices crashed much than 2% connected Thursday (October 3, 2024).
Foreign Institutional Investors (FIIs) were nett sellers successful the superior markets connected Thursday (October 3, 2024), offloading shares worthy ₹15,243.27 crore connected a nett ground successful the currency segment, according to speech data. FIIs person sold shares worthy implicit ₹30,000 crore since Monday (September 30, 2024).
Analysts said overseas investors rushed to merchantability Indian equities arsenic Chinese stocks turned bullish aft the state announced a slew of stimulus measures to revive the economy.
Published - October 04, 2024 10:37 americium IST
.png "indianexpress.")
.png "khaleejtimes")
.png "arabnews")
.png "gulfnews"){kind=logo}
English (US) · 
Hindi (IN) ·