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Strong dollar, rising crude price hurt rupee - The Hindu BusinessLine

Strong dollar, rising crude price hurt rupee - The Hindu BusinessLine
thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.

Nifty today: SGX Nifty down 20 points; here s what changed for market while you were sleeping

Yuan depreciates to 6.4612 against the greenback Crude prices rise slightly Oil prices rose slightly on Tuesday after the previous day s rally, supported by expectations of a tighter market as output talks of OPEC+ nations were called off, but concerns that members may start to increase production capped gains. Brent crude was up 7 cents, or 0.1%, at $77.23. US West Texas Intermediate (WTI) crude futures were at $76.38 a barrel, up $1.22, or 1.6%, from Friday s close. DIIs buy shares worth Rs 646 crore Net-net, foreign portfolio investors (FPIs) turned sellers of domestic stocks to the tune of Rs 338.43 crore, data available with NSE suggested. DIIs, turned buyers to the tune of Rs 645.59 crore, data suggests.

RBI Announces First Purchase Of G-Secs Worth Rs 20,000 crore Under G-SAP 2 0

The Reserve Bank will conduct open market purchase of government securities of ₹1.2 lakh crore under the G-sec Acquisition Programme (G-SAP 2.0) in Q2:2021-22 to support the market, as announced in Governor s statement of June 04, 2021. The first purchase of Government securities for an aggregate amount of ₹20,000 crore under G-SAP 2.0 will be conducted on July 08, 2021. The Reserve Bank reserves the right to decide on the quantum of purchase of individual securities, accept bids for less than the aggregate amount, purchase marginally higher/lower than the aggregate amount due to rounding-off, accept or reject any or all the bids either wholly or partially without assigning any reasons. The next purchase under G-SAP 2.0 will be conducted on July 22, 2021 for ₹20,000 crore.

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