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TMI BlogRupee ends flat against US dollarX X X X Extracts X X X X X X X X Extracts X X X X ..... Rupee ends flat against US dollar X X X X Extracts X X X X X X X X Extracts X X X X ..... and the low of 85.48 against the greenback. The unit ended the session flat at 85.36. On Friday, the rupee pared its initial losses and settled for the day higher by 22 paise at 85.36 against the US dollar. The foreign exchange market was closed on Monday on account of Buddha Purnima. "The Indian rupee relinquished intraday gains as domestic equities weakened and traders unwound their long po ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... sitions. This downturn was further exacerbated by broader weakness in Asian currencies. Meanwhile, rising crude oil prices prompted Indian oil importers to increase their hedging activities," Dilip Parmar - Senior Research Analyst, HDFC Securities, said. US and Chinese officials said Monday they had reached a deal to roll back most of their recent tariffs and called a 90-day truce in their trad ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e war for more talks on resolving their trade disputes. "We expect the rupee to trade with a positive bias amid de-escalating geopolitical tensions between India and Pakistan. Rise in risk appetite in global markets amid easing trade tariff tensions between the US and China," said Anuj Choudhary, Research Analyst at Mirae Asset Sharekhan. India and Pakistan on last Saturday announced reaching an ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... understanding to stop all firings and military actions on land, air and sea, with immediate effect. In his first address to the nation after Operation Sindoor, Prime Minister Narendra Modi on Monday sternly warned Pakistan that India will not succumb to nuclear blackmail and sent a clear message to the world: terror and trade, terror and talks cannot go together. "Operation Sindoor is India's n ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ew policy against terrorism and our unwavering pledge for justice. It is the new normal. We have only kept in abeyance our operations against Pakistan, and the future will depend on their behaviour," Modi said. Choudhary further noted that a surge in global crude oil prices and a fall in domestic markets may weigh on the rupee. Any FII outflows may also pressurise the rupee. Traders may take cues ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... from CPI inflation data from the US. USD/INR spot price is expected to trade in a range of 85 to 86. The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.20 per cent lower at 101.58. Brent crude, the global oil benchmark, rose 0.42 per cent to USD 65.23 per barrel in futures trade. Over the last few sessions, Brent crude prices have surged to ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... near USD 65 per barrel, which could widen India's trade deficit, experts said. In the domestic equity market, the 30-share BSE Sensex declined 1281.68 points, or 1.55 per cent, to close at 81,148.22, while the Nifty fell 346.35 points, or 1.39 per cent, to 24,578.35. Foreign institutional investors (FIIs) bought equities worth Rs 1,246.48 crore on a net basis on Tuesday, according to exchange d ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ata. PTI DRR DRR BAL BAL X X X X Extracts X X X X X X X X Extracts X X X X
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