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Persistent interest of foreign investors in equity market will arrest sharp depreciation

Rising trade deficit along with chances of a populist budget might dampen rupee's prospects during the coming week.Nevertheless, persistent interest of FIIs in India's equity market will arrest any sharp depreciation moves."The 25-month ...

Rising trade deficit along with chances of a populist budget might dampen rupee’s prospects during the coming week. Nevertheless, persistent interest of Foreign institutional investors (FIIs) in India’s equity market will arrest any sharp depreciation moves.

Rupee rises by 11 paise to end at over 2-month high PTI Mumbai | Updated on December 30, 2020 The rupee opened lower at 73.62 and slipped further to 73.64 against the dollar. File Photo   -  Reuters The rupee opened lower at 73.62 and slipped further to 73.64 against the dollar. File Photo   -  Reuters× Rising for the fifth straight session, the rupee on Wednesday appreciated by 11 paise to close at more than two-month high of 73.31 against the US dollar on the back of foreign fund inflows and a weak greenback in the global markets. At the interbank forex market, the domestic unit open...

Rupee rallies 21 paise to 73.55 per US dollar Brent crude futures, the global oil benchmark, fell 0.35 per cent to USD 51.02 per barrel. By PTI|   Posted by Mansoor  |   Updated: 24th December 2020 5:49 pm IST Mumbai: Climbing for the second straight session, the rupee darted up 21 paise to end at 73.55 against the US dollar on Thursday amid sustained foreign fund inflows and positive domestic equities. A weak greenback overseas and expectations of the UK and EU reaching a Brexit deal very soon also enthused participants, traders said. At the interbank forex market, the rupee opened at 73...