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Rupee jumps 6 paise to 78.27 against US dollar in early trade

The rupee appreciated 6 paise to 78.27 against the US dollar in opening trade on Monday as heavy buying in domestic equities and weakness in the greenback strengthened investor sentiment. However, elevated crude prices and persistent foreign fund outflows restricted the rupee's gain, forex dealers said. At the interbank foreign exchange, the rupee opened sharply up at 78.24
Hitesh Jain Reserve Bank Lead Analyst Yes Securities Business News S Dollar

FPIs' exodus continues; pull out Rs 46,000 crore from Indian equities in June so far

Given the policy normalisation narrative by the US Fed and other major central banks, coupled with high oil prices and volatile Rupee, FPIs are likely to stay away from emerging market assets, Hitesh Jain, Lead Analyst - Institutional Equities, Yes Securities, said. FPIs inflow will only resume once
South Korea Manoj Purohit Himanshu Srivastava Hitesh Jain Cheif Investment Strategist At Geojit Financial Services Financial Services Tax

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