Rising for the fifth straight day, the rupee extended gains by 11 paise to close at 74.55 (provisional) against the US dollar on Monday on the back of a weak dollar and softer crude oil prices amid hopes of a diplomatic solution to the Russia-Ukraine crisis.
Coming to the markets and the current global situation, it makes markets no different than what they were last week. Markets after a wild first two days are back to remaining circumspect and tentative.
The rupee appreciated by 39 paise to 74.67 against the US dollar on Friday on hopes of a diplomatic solution to the East-West standoff over Ukraine.
The rupee appreciated by 25 paise to close at 75.07 (provisional) against the US dollar on Wednesday, amid signs of de-escalation in the conflict between Russia and Ukraine.
The rupee plunged by 22 paise to close at 75.58 (provisional) against the US currency on Monday, as geopolitical tensions pushed investors towards safe-haven assets.
Foreign institutional investors (FIIs) were net buyers in the capital market on Friday, as they bought shares worth Rs 108.53 crore, according to stock exchange data.
The rupee plunged by 24 paise to 75.39 (provisional) against the US currency at close on Friday due to fears of an aggressive rate hike by the Federal Reserve after US inflation raced to a 40-year high in January.
Tech Mahindra was the top gainer in the Sensex pack, climbing 2.13 per cent, followed by Wipro, HCL Tech, Titan, Infosys, Bajaj Finserv, Maruti and Bajaj Finance.
Foreign institutional investors (FIIs) remained net sellers in the capital market, as they sold shares worth Rs 1,597.54 crore on Thursday, according to stock exchange data.
Among the stocks, HDFC, L&T, SBI Life, Infosys, and Bajaj Finance were the top five losers in the morning session.
Registering its third straight session of loss, the Indian rupee on Thursday depreciated by 30 paise to close at 75.08 (provisional) against the US dollar, tracking the strength of the American currency after a hawkish US Fed policy stance.
Stock Market Fall: Experts On NIFTY, SENSEX Decline
The rupee on Monday slumped by 19 paise to 74.62 (provisional) against the US dollar at close due to high crude oil prices, forex outflows and heavy losses in domestic equities amid growing geo-political worries.
Asian Paints was the top loser in the Sensex pack, shedding 2.44 per cent, followed by Tech Mahindra, Wipro, Bajaj Finserv, Infosys, HCL Tech and Bajaj Finance.
In the previous session, the 30-share BSE index ended 634.20 points or 1.06 per cent lower at 59,464.62. Similarly, the NSE Nifty plunged 181.40 points or 1.01 per cent to 17,757.
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