Forex dealers said that weakness in the dollar against other currencies overseas also supported the rupee.
A day after BRICS (Brazil, Russia, India, China and South Africa) nations agreed on a $100-billion foreign currency reserve pool to tackle the volatile foreign exchange markets, India on Friday said the pool would act as a buffer arrangement, adding it might not withdraw anything from this reserve.
Heavy unwinding by foreign portfolio investors and lacklustre equities dampened the sentiment
The upcoming July derivatives expiry later in the week would also add some volatility to the market proceedings.
The Fed made clear that the rate hike was a tentative beginning to a "gradual" tightening cycle
The financial and commodity markets will continue to roil, as China's growth moderates and readjustments are made.
The opposition alliance INDIA on Thursday announced that it will boycott shows of 14 television anchors on several platforms, a decision the Bharatiya Janata Party compared with the Emergency.
'The consolidation of the world's fifth-largest economy in the hands of 15-20 corporate giants is a once-in-generation event, which we are focusing on.'
'There are occasions when the prices of individual items like food raise inflation; then supply-side measures must be taken.' 'But if there is continued inflation, it means liquidity is aggravating the situation.'
All evidence suggests that the US Federal Reserve will raise interest rates soon.
Gold retains gains, gain nearly 3 per cent in the past three sessions.
The new series claims GDP grew at seven per cent between April and June 2015, while gross value added (GVA) grew at 7.1 per cent.
The Rupee is expected to weaken further against the dollar.
Fed is still concerned about weak export growth.
Asian emerging market stock prices did see a bounce post Fed-talk.
'Slower-than-anticipated recovery can be a bigger risk this time than a liquidity-driven event -- at least for India.'
64% of 800 investors polled think it will start this week but weak US data suggest it might not be aggressive.
On Friday, the rupee had gained 9 paise to close at a fresh one-week high of 67.08.
The cost of holding one-year forward dollars rose to 482.75 basis points from 472.75 bps on Tuesday.
While the economy seems to be on a firm growth path, the fight against inflation is not over yet. Shaktikanta Das seems to be in no hurry. After playing well through a five-year Test match, he doesn't want to get out hit wicket, observes Tamal Bandyopadhyay.
Urjit Patel as the new RBI governor whose focus is on taming inflation has lowered the probability of interest rate cut soon
In a drastic measure to stem any major disruption to the US economy as a result of the coronavirus outbreak, the Federal Reserve has cut its benchmark interest rate to almost zero and said it would buy USD700 billion in bonds. The covid-19 pandemic has sickened more than 156,000 people worldwide and left more than 5,800 dead. The death toll in the US stands at 68, while infections neared 3,700.
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As many as nine respondents said RBI would hold the repo rate at 8% till March-end, 2015
The US Federal Reserve has raised its benchmark interest rate by 0.25 per cent, only the second increase in a decade.
The US FOMC concludes its two-day meeting today while the Bank of Japan will start its two-day meeting today.
Pakistan's Finance Minister Miftah Ismail on Monday said the government can consider importing vegetables and other edible items from India following the destruction of standing crops due to massive floods, three years after Islamabad downgraded trade ties with New Delhi over the Kashmir issue.
Also keenly watching inflation numbers, with wholesale inflation data expected today
India has not been able to compete with countries such as Bangladesh and Vietnam.
India is among the top three emerging markets in the wellness economy.
The view among the regulator and the government is that the currency is overvalued
'India is not so distant from years of high and entrenched inflationary expectations that it should start trying to play games with the economy the way the West's central bankers think they are entitled to,' argues Mihir S Sharma.
This has steered a rally in global equities and dollar Index also ticked higher, trading near its four year high.
In 2013, the fall in international gold prices was 28 per cent.
Fed seen holding rates steady as investor confidence shakes
Market experts poohpooh fears of capital flight from India.
Kamath said India's economic climate had started improving.
Macro and micro environment are becoming more challenging.
An action on the rate front is unlikely to figure in Rajan's plan for the moment.
In a pre-budget meeting with Finance Minister Arun Jaitley, the experts suggested timely implementation of the BJP's election manifesto promises to fix higher support prices. They also favoured a Kissan TV channel, an efficient procurement policy, priority for farm mechanisation and the linking of rivers.
The majority in the markets believe that a September lift-off is likely.
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