Weakness in the greenback overseas against the backdrop of sluggish US macro data outcome helped the home currency move higher
In forward market today, premium for dollar declined on sustained receivings from exporters.
In the broader markets, the BSE Midcap and Smallcap indices extended gains and were up over 1% each
Bucking a strong trend in share market, the Indian rupee on Monday gave up all its initial gains and slipped 18 paise to close at 61.94 against the Greenback on rising dollar demand from importers.
The Reserve Bank of India on Monday moved on Monday to tighten gold imports again in an attempt to rein-in a record high current account deficit by taming demand for the yellow metal.
Economic recovery in US, euro zone help; new orders sub-index at 52.4
Sensex, Nifty end the day in red ahaead of F&O expiry.
The sector employs around 1 million skilled and unskilled workers directly and indirectly and decline in exports is a major worry for participants in the value chain.
Extending its losing streak for the fourth straight day, the rupee weakened by five paise to 61.01 against the US dollar in early trade today at the Interbank Foreign Exchange market on high demand for the American currency from importers.
The S&P BSE Sensex surged 364 points to end at 24,607 and the Nifty50 soared 107 points to close at 7,476.
At lower levels, a supportive buying in dollar forced rupee to depreciate since opening trade
Robust foreign capital inflows into upbeat domestic equity markets on the back of better macro fundamentals helped the rupee to gain
A combination of externalities such as global trade wars and slowing growth, continuing glitches in accessing offsets under the GST regime, which has created a liquidity crunch for smaller exporters, and the growing competitiveness of smaller countries are causing the slowdown.
Frantic dollar demand from corporates along with an aggressive hedging strategy adopted by importers in the wake of the currency volatility predominately took a toll on the domestic unit despite moves by the central bank to stabilise the currency.
Investors engaged in profit booking in the recent gainers at attractive and higher valuations.
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Silver followed suit and traded higher by Rs 200 at Rs 34,200/kg.
Good foreign capital inflows failed to restrict the rupee's fall against the dollar
In New York market, the dollar was little changed against major rivals yesterday as investors continued to comb through economic data and speeches from central bank officials to get a better sense of when the Federal Reserve could begin to raise interest rates.
The variety of options combined with global student mix makes it an apt destination for international students.
Rise in crude oil price and rally in global equities aided the sentiment
A mix of industrialists and businessmen, who have inherited riches or rose from humble backgrounds and even endured boom and bust cycles, the top five MPs are illustrative of how the political stock of the wealthy is increasing rapidly.
To mobilise private capital in the clean energy sector, the US has agreed to place a field investment officer in India apart from hosting a series of events to overcome strategic barriers in accelerating institutional and private financing.
Overseas funds have also become strong buyers of debt, with net purchases of $5.6 billion so far this year.
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Sensex ended up 11 points at 25,561 and the 50-share Nifty gained 16 points to end at 7,640.
'No analogy is perfect, but a better liquid to liken data to is water, with the global internet like a great borderless ocean of currents and tides,' Facebook's vice-president, global affairs and communications, Nick Clegg, said in New Delhi.
Undergraduate courses indicatively cost S$23,000 to S$38,000, while postgraduate courses approximately cost S$15,000 to S$40,000.
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The stocks could tank more than what it did after the United Progressive Alliance-1 came to power in 2004, as the market has not yet priced in a Bharatiya Janata Party defeat, says Raj Bhatt.
Increased month-end demand for the US currency from importers put pressure on the rupee
The RBI fixed the reference rate for the dollar at 65.2525 and for the euro at 72.1954.
The 30-share Sensex and the 50-share Nifty ended flat at the mark of 29,008 and 8,767 respectively.
India was less directly affected by the Chinese stock market rout and yuan devaluation that battered currencies and markets in the region.
Heavy offloading by foreign portfolio investors also weighed on the rupee
Weakness in the dollar against some currencies supported the rupee.
The political row over the Rafale deal intensified on Tuesday with the Congress and Bharatiya Janata Party trading barbs over it.
The local currency opened higher at 61.20 a dollar from the previous close of 61.30 at the Interbank Foreign Exchange Market.
Some overseas investors refuse to be part of roadshows, citing environment risks
The 30-share Sensex ended up 12 points at 28,517 while the 50-share Nifty ended nearly unchanged at 8,660.
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