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"The market closed near its peak, with the Bank Nifty index emerging as a standout performer. Despite a rocky start, the PSU index demonstrated resilience, bouncing back from early declines. With few definitive signals this week, the market focus remains on the trajectory of the dollar index and US bond yields," said Santosh Meena, Head of Research, Swastika Investmart.
The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading higher by 0.14% at 104.54.
The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading higher by 0.04% at 106.70.
Spot prices of gold have fallen eight percent in four months, while those of silver have declined 13 percent, as per MCX data. Experts see no respite in coming months.
Rupee to appreciate in near-term. The US dollar is generally seen as the most powerful currency in the world. However, the greenback is not the strongest of the 180-odd traditional fiat currencies recognised as legal tender worldwide. Check the top 10 strongest currencies in the world.