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Rupee ends marginally up, but remains near record low
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IANS | 27 Sep, 2022
The Indian rupee ended marginally up on Tuesday against a weak dollar, but it remained near record low levels.
The rupee ended at 81.58 as against 81.62 at close of the previous trading session.
On
Monday, the rupee ended record low for the third straight session on
risk-averse sentiments and unprecedented strength in the greenback
following Fed tightening and recession worries.
It closed 63 paise down at 81.62 against the US dollar on Monday, against 80.99 in the previous trading session.
"Indian
rupee and bond pared gains as nations' debt inclusion in the JP Morgan
EM bond could delay to next year while FTSE Russell will unveil the
results of its review on Thursday," said Dilip Parmar, Research Analyst,
HDFC Securities.
The dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.36 per cent to 113.608.
The Brent crude oil prices were trading at $85.66 per barrel.
Going
forward, the investors are eying the RBI monetary policy scheduled on
Friday and the dollar index for the short-term directional trend.
Meanwhile,
Indian equities fell for the fifth straight day in a row with broader
index falling marginally on global cues, dealers said.
At close,
Sensex ended 37.70 points, or 0.07 per cent, down at 57,107.52, and
Nifty closed 8.90 points, or 0.05 per cent, down at 17,007.40. A total
of 1,882 shares have advanced, 1,522 shares have declined and 136 shares
have remained unchanged.
Tata Steel, Titan Company, State Bank of India, Kotak Mahindra Bank, and ICICI Bank were major losers on the Sensex.
"We believe, spot USDINR could trade in the range of 82 to 79.90 before heading north," Parmar added.
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Customs Exchange Rates |
Currency |
Import |
Export |
US Dollar
|
66.20
|
64.50 |
UK Pound
|
87.50
|
84.65 |
Euro
|
78.25
|
75.65 |
Japanese
Yen |
58.85 |
56.85 |
As on 13 Aug, 2022 |
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