CSS News     20-Jun-24
Indian Rupee: Gains Capped By Slight Pull-Back In Local Equities

The Indian rupee eased back after a mild uptick in opening trades on Thursday as local equities turn weak after a positive start to the day amid lack of cues from US equities that remained closed on account of a national holiday. The dollar index is also mostly flat in early Asia, not providing any guidance to the domestic currency. On Wednesday, rupee paired its initial gains and settled 1 paisa lower at 83.44 against the US dollar. The Nifty50 and Sensex both hit fresh record highs for the fourth consecutive session before ending on a flat note. The 30-share Sensex ended the session up 36.45 points at 77,337.59 while the broader NSE Nifty index finished down 41.90 points, or 0.18 percent, at 23,516. Data yesterday showed India's Retail sales in May 2024 witnessed a growth of 3% as compared to the sales in May 2023, according to the survey by Retailers Association of India (RAI). Sales in South region were up 4% while sales in North recorded a rise of 2%. RAI also noted that at 6%, Consumer Durables & Electronics and Food & Grocery led the category wise growth trends.

Other Stories
  Indian Rupee: Seen under pressure amid mixed global cues
  30-Sep-24   09:35
  Indian Rupee: Seen recovering some lost ground
  27-Sep-24   09:43
  Indian Rupee: Uptick in dollar likely to weigh
  26-Sep-24   09:24
  Indian Rupee: Rebounds as dollar index declines below 100 mark
  25-Sep-24   09:47
  Indian Rupee: Snaps six-day winning streak
  24-Sep-24   09:00
  Indian Rupee: Likely to retain levels around 2-month high
  23-Sep-24   08:59
  Indian Rupee: Likely to extend gains near 2-month highs
  20-Sep-24   08:40
  Indian Rupee: Climbs to over a month high as Fed cuts interest rate
  19-Sep-24   09:39
  Indian Rupee: Likely to add gains on the back of dollar weakness overseas
  17-Sep-24   08:28
  Indian Rupee: Seen opening on positive note
  16-Sep-24   09:14
Back Top