'Business families like the Godrej group are increasingly realising that an amicable settlement is better.' 'Else, the wealth of all shareholders gets destroyed.'
The domestic unit closed lower by 6 paise at 66.71.
On Monday, the rupee had lost 14 paise to close at 66.62 against the US dollar.
The US dollar index, which measures the greenback's strength against a trade-weighted basket of six major currencies, was up by 0.31 per cent at 97.52.
It has gained by 23 paise or 0.36 per cent in two days
The dollar index, which tracks the world's reserve currency against a basket of its peers, is down 0.16 per cent at 97.58.
The Global Peace Index 2017, by the Institute of Economics and Peace found that the global level of peace slightly improved, by 0.28 per cent in score. A total of 93 countries improved, while 68 countries deteriorated.
The rupee settled at 61.71. In straight three sessions, the currency has shot up 51 paise or by 0.82 per cent.
The dollar was firm against some global currencies which also weighed on the rupee.
Increased demand for the dollar from importers put pressure on the rupee.
The rupee fell sharply by 32 paise at 66.37 against the US dollar in early trade on Tuesday.
On Monday, the rupee had moved up by 3 paise.
Dollar's weakness against other currencies in the global market made the local unit stronger.
Equity markets rallied after softer-than-expected inflation data in the US and UK rekindled hopes of the end of the rate-hiking cycle by major central banks. The soft inflation reading drove down bond yields and the US dollar, whetting the appetite for risky assets. The 10-year US bond yield fell below 4.5 per cent after topping 5 per cent less than a month ago.
'To the believers of crypto regulations, I have only one question to ask, how will you regulate it?'
Silver, which is currently trading at Rs 68,453 per kilogram, has appreciated 21.7 per cent over the past three months. Investors, however, shouldn't get carried away by its recent performance and put their money in it. Instead, they should evaluate its pros and cons and then take a considered decision based on their risk appetite.
The domestic currency had gained seven paise on Friday.
The dollar firmed up against some global currencies.
Monday's morning trade sees increased selling of USD by exporters.
Equity benchmark index Sensex buckled under selling pressure for the second straight session to close below the 65k mark on Friday, as investors offloaded IT, teck and metal stocks amid a bearish global trend. Besides, fresh foreign fund outflows also hit investor sentiments, traders said. In a volatile trade, the 30-share BSE Sensex declined 202.36 points or 0.31 per cent to settle at 64,948.66.
Risk sentiment is likely to be favourable if oil prices stay benign, global growth sentiment remains robust and the dollar index does not break out, says B Prasanna.
The dollar index was down by 0.02 per cent against a basket of six major currencies.
The rupee on Tuesday lost another 15 paise against the US dollar to close at 65.88
The rupee on Monday continued its upward march against the US dollar for the third day, firming up by another 10 paise to 66.00 on fag-end selling of the American currency by banks and exporters.
Benchmark Sensex dropped 334 points on Monday due to intense selling pressure in metal and power stocks as FII outflows dampened investor sentiment. Besides, a sharp decline in the rupee against the US dollar also put pressure on domestic equities, traders said. After losing nearly 500 points, the 30-share BSE index recovered some lost ground to settle at 334.98 points or 0.55 per cent lower at 60,506.90. During the session, the index touched its intra-day low of 60,345.61.
'The market should maintain optimism on the back of range-bound oil prices, a robust fiscal balance sheet, a better-than-expected monsoon, and moderating inflation.'
The recovery in equities in the early session capped the rupee's fall.
Foreign Portfolio Investors (FPIs) selling spree continued as they dumped Indian equity worth over Rs 5,800 crore this month so far on rising interest rates and geopolitical tensions in the Middle East. This came after such investors withdrew Rs 24,548 crore in October and Rs 14,767 crore in September, data with the depositories showed. Before the outflow, FPIs were incessantly buying Indian equities in the last six months from March to August and brought in Rs 1.74 lakh crore during the period.
The rupee bounced back by 10 paise to end at 68.62 on Friday.
The rupee on Monday tumbled by 68 paise to close at a nearly 8-week low of 66.44 against the American currency.
The uptick in prices ranging from steel to wheat could benefit lots of commodity-based companies -- from State-owned SAIL to the agro exporters.
The rupee had firmed up by 28 paise to close at 3-week high of 66.97 in Monday's trade.
The greenback's strength against other Asian currencies and lacklustre local equity markets made the rupee depreciate.
The rupee surged to its highest level in five weeks to end at 65.58 by gaining 38 paise against the US currency.
The rupee on Tuesday gained 14 paise to close at 61.88 against the dollar.
The domestic currency had last ended at 64.17 per dollar.
The local currency had shed 2 paise to close at 63.44 on Tuesday.
Rising for the second straight session, equity benchmark Sensex climbed 142 points on Thursday following buying in IT and finance stocks amid a higher opening in European markets. After a see-saw session, the 30-share BSE Sensex ended 142.43 points or 0.23 per cent higher at 60,806.22. During the day, the index witnessed a high of 60,863.63 and a low of 60,472.81.
The industrial production grew by two per cent in September, mainly on account of better performance by power and mining sectors.
