The rupee settled on a flat note with a loss of just 1 paisa at 83.04 (provisional) against the dollar on Thursday on the back of strengthening American currency and sharp rise in crude oil prices.The domestic currency broke its six-day gaining streak despite positive equity market sentiment, as foreign funds outflow dented sentiments.
At the interbank foreign exchange market, the local unit opened at 83.05 and traded between the peak of 82.93 and the lowest level of 83.08 against the greenback during the intra-day deals.It finally settled at 83.04 (provisional) against the dollar, down by just 1 paisa over its previous closing level.”The Indian rupee is trading flat. It opened on a positive note on weak Dollar and positive domestic markets. However, it lost its initial gains on some FII outflows and a slight recovery in crude oil prices. The US dollar declined on Wednesday as traders trimmed their positions ahead of inflation data,” Anuj Choudhary Research Analyst, Sharekhan by BNP Paribas.
Also Read
Rupee extends rising streak into sixth day on dollar inflows
Investors are awaiting US inflation data to be released later in the day for further cues, forex analysts said, adding that traders will also closely monitor the domestic inflation numbers to be released on Friday.”We expect the rupee to trade with a slight positive bias on the soft US Dollar and positive Asian currencies. However, recent FII outflows and recovery in crude oil prices may cap sharp gains.”Concerns over global economic slowdown and the ongoing geopolitical tensions in the Red Sea and Middle East may also weigh on Rupee. Investors may remain cautious ahead of inflation data US and CPI and IIP data from and India on Friday. USDINR spot price is expected to trade in a range of Rs 82.70 to Rs 83.30,” Choudhary said.
Delhi: 5-year-old dies under mysterious circumstances at Madrassa, boils found on neck, groin Stree 2 salaries: Shraddha Kapoor was paid Rs 5 crore for the film – Here’s how much Rajkummar Rao, Pankaj Tripathi, and others charged for the horror comedy Stocks To Watch: Hindalco, Godrej Consumer Product, Apollo Tyres, Radico Khaitan, NHPC, Maruti Suzuki, Eicher Motors, LIC iPhone 16 Pro may get major battery boost, here’s what to expect
The domestic currency had gained 10 paise on Wednesday. The rupee has witnessed a cumulative gain of 29 paise in the previous six sessions since the level of 83.32 versus dollar recorded on January 2.Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading 0.06 per cent higher at 102.14 on Thursday.Brent crude futures, the global oil benchmark, surged 1.67 per cent to USD 78.08 per barrel.
On the domestic equity market front, Sensex rose 63.47 points, or 0.09 per cent, to settle at 71,721.18 points. The Nifty advanced 28.50 points, or 0.13 per cent, to 21,647.20 points.Foreign institutional investors (FIIs) sold shares worth Rs 1,721.35 crore on Wednesday, according to exchange data.
Related Posts
By admin • September 30, 2024 • Today I witnessed someone’s Skyrim character die in one of the most Monty Pythonesque ways possible: by eating all the food in all the land and bursting like a stuck pig.
User amelix34 took to the Skyrim subreddit just the other day to reveal a little experiment they’d been saving up for in the form of a heavy gorging fest (via GamesRadar).
You’ve seen the jokes. “Wait one second,” you say to your enemy, mid-battle, as you pause to look at the menu and consume everything in your inventory in an attempt to heal up. But what would happen if you ate 20,000 gold’s worth of food all in one go? Would it still heal you, or would it send you spiralling into a food-induced coma?
As it turns out, this player’s character died horrifically because of it, but not for the reas…
By admin • September 30, 2024 • The alt-Victorian survival game Nightingale launched yesterday, and after a full day of release on Steam it’s now laboring under a less-than-stellar “mixed” user rating. Reasons for the complaints are varied, but the main culprit seems to be one we’re all familiar with by now: the servers.
The frustrations with Nightingale are exacerbated by the need to be connected to play, even if you’re going solo. Quite a few user reviews on Steam are actually positive about the game overall, but throw it a thumbs-down anyway because of server wonkiness.
“I REALLY like a lot of this game so far, but this is getting a negative for one giant issue,” one Steam user wrote. “Being always online, even when playing solo, is absolute nonsense. There is no reason a game like this has to be online…
By admin • September 29, 2024 • Personally, it brings me some amount of peace to know that, somewhere in the world, people are still firing up Red Dead Redemption 2 and stepping through a doorway back across time to a world that moved according to the deeds of steely-eyed gunslingers and, more importantly, their steely-eyed horses. Even if I’ve moved on in my fascinations, they’re still riding those dusty trails, picking wild carrots and—if my own experience was at all representative of the norm—getting mauled soon after by a large mountain cat. And now, according to the patch notes from a Red Dead Redemption 2 title update that dropped yesterday, that mauling can be enjoyed in glorious HDR10+ splendor.
After all, can it truly be the Wild West without a full, vivid range of contrast and brigh…
By admin • September 29, 2024 • Prison Architect 2 is delayed yet again, but this time, it could be for good. We’ve seen the upcoming management game delayed before—due to “new technical challenges” that warranted developers spending more time on stability testing. However, this time, the issue’s more pronounced.
“Our continuous internal reviews and beta test groups have highlighted areas that we need to focus on more, mainly performance and content, which we need to address before launch to ensure that you, the players, get a good experience in the game,” the Prison Architect 2 team says in a blog post. “We need to raise the quality a bit more to meet the standards we’d like to achieve with this sequel.”
However, Paradox has also confirmed that it cannot “commit to a new release date” as…
By admin • September 20, 2024 • Around two years ago, a wise council of sages, artificers, and mages from across the realm (a collection of people sometimes called a “game development studio”) met in an officious chamber to discuss how to finish Baldur’s Gate 3, a game that would go on to steal about 200 hours of my life—and gain one of PC Gamer’s highest review scores, period.
That’s according to Larian CEO and co-founder Swen Vincke himself, as per a recent post to Twitter. In it, Vincke shows the hallowed halls in which the game developer held a summit yesterday: “2 years ago we came to this exact place to discuss how to finish BG3. This time around it’s to discuss lift off. Spirits are high, morale is good, expecting a flooding any minute now.”
As for exactly what that game is, we’re only a…
By admin • September 20, 2024 • Myst is a divisive game, to put it mildly. It helped drive widespread adoption of CD-ROM drives and for years reigned as the best-selling videogame of all time, but it’s also widely derided for its static vistas and obtuse puzzles. I loved it; PC Gamer contributor Richard Cobbett, on the other hand, once described it as the videogame equivalent of chugging a big mouthful of orange juice right after brushing your teeth.
If you’re not sure where you fall on that particular love-it-or-hate-it spectrum, here’s a great chance to find out: the Myst and More Redux collection from Humble Bundle, which includes just about every Myst game ever made, plus a few others from developer Cyan Worlds. For a minimum of $10, you get:
- Myst: Masterpiece Edition
- realMyst: Mastesrpiec…