Forex

To put it straight, at the moment there is NO strong impetus for buying at Dalal Street. Dalal Street trades well above the dotted lines despite the backdrop of rising crude oil prices, lacklustre global cues and overbought technical conditions.

The rupee appreciated by 9 paise to 69.58 against the US dollar on Tuesday ahead of the RBI’s second round of dollar-rupee swap auction.

Dalal Street witnessed a sea of red with significant sell-off in today’s trade in the backdrop of rising crude oil prices, lacklustre global cues and overbought technical conditions.

The rupee fell sharply by 47 paise to 69.82 against the US dollar in early trade on Monday on higher demand for the greenback from importers and banks.

Dalal Street has reversed its early morning gains amidst profit booking in the backdrop of lacklustre global cues. Worldwide stock markets are trading thin ahead of Good Friday holiday.

The rupee fell 17 paise to 69.59 against the US dollar in opening trade Tuesday on increased demand for the greenback from importers and banks.

The rupee appreciated by 15 paise to 69.15 against the US dollar in opening trade Friday, driven by sustained foreign fund inflows and higher opening in the domestic equity market.

Mumbai: The rupee fell 19 paise to 69.15 against the US dollar in early trade Wednesday…

The benchmark BSE Sensex on Tuesday ended 240 points lower as investor sentiment weakened after the India carried out air strikes on a terrorist camp in Pakistan.

In early action, the benchmark Nifty witnessed a gap down start — sank below 10,750 mark, recovered and bounced back at midday — slightly above the dotted lines, and then finally ended the day down in red at 10,832.