Markets extended gains in afternoon trades and touched the highs of the day with buying interest seen in banking and realty shares. The Sensex was up 247 points at 17,085. Nifty is up 81 points at 5,180.
Sustained dollar selling by exporters and some banks in anticipation of further fall in the US currency in overseas markets helped the local unit gain for the second day in a row.
Markets would be keenly looking for fiscal deficit & subsidy figures and borrowing and divestment program.
The rupee was also pressured as the euro fell for a second day on Friday, hurt by the European Central Bank's surprise interest rate cut and a downgrade to France's credit rating, while the dollar inched up before a key US jobs report.
The rupee on Wednesday appreciated by 11 paise to 55.53 against the US dollar in early trade on the Interbank Foreign Exchange, following a higher opening on the stock market amid selling of the American currency by exporters.
Bajaj Finance was the top loser in the Sensex pack, tanking over 10 per cent, followed by Axis Bank, Maruti, M&M, Tech Mahindra and ONGC. The gainers included ITC, Bharti Airtel, Kotak Bank and Hero MotoCorp.
The rupee had eased by five paise to close at 60.50 against the dollar in the previous session on Thursday.
Both Europe and the US can learn a lesson from American history to overcome their debt problems.
Eurozone's financial contingency plan is trying to solve the problem of excessive debt with even more debt.
The crisis and the painful, austerity-induced recession will focus anger on a relentless Germany.
Bilderberg, which has been called the high priests of glabalization, is accused of running a shadowy global government.
The world watched with great concern how the markets would react to the first downgrade of US' credit rating.
A lower opening in the domestic equity market put pressure on the rupee.
The Nifty ended at 5,060, down 94 points.
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Some analysts believe that markets are expected to remain unclear and would have to wait until tomorrow's US non-farm payrolls data.
In worldwide trade, the American dollar traded with solid strength against all major emerging currencies
Overseas investors were one of the heavy buyers.
The rupee has lost ground since pre-Budget, against three major hard currencies (yen, dollar and euro). The European Central Bank and the Bank of Japan maintained status quo in recent policy meetings
The RBI Governor says he does not have a specific foreign exchange rate target, which raises concerns that the central bank is unlikely to defend any particular level strongly.
Nifty moved up 175 points to end the day at 5,193.
You also avoid capital gains tax during redemption in case the gold price is higher, making them tax efficient.
If the CBDCs don't offer interest, why will people shift from cash to CBDCs?, asks Tamal Bandyopadhyay.
The women on the 17th annual Forbes Power List hail from 30 countries and were born across four generations.
Grand schemes for macroeconomic policy coordination have a mixed record.
Greek finance minister to hold talks with bankers on Sunday
Snapping its two-day losing streak, the rupee on Monday bounced back by 9 paise to 66.67 against the US dollar.
Sitharaman, a newcomer on the Forbes most powerful women list, is ranked 34th. The Forbes 2019 list of 'The World's 100 Most Powerful Women' has been topped by German Chancellor Angela Merkel, followed by President of the European Central Bank Christine Lagarde in the second spot and Speaker of the US House of Representatives Nancy Pelosi, ranked third. Also on the list is Bangladesh Prime Minister Sheikh Hasina (29).
The S&P BSE Sensex ended up 129 points at 26,843 and the Nifty50 ended up 39 points at 8,220.
While the Fed and the ECB slash and raise rates when needed, the RBI seems to move in just one direction.
Indian central bank may soon edge out its counterpart in the Netherlands from the top-10 list, as latter's holding has largely remained unchanged.
Indian rupee washed out initial losses against the greenback.
Banks and importers preferred to increase their dollar position at the current level, a forex dealer said.
Overseas markets are already hit by an acute dollar crunch, which is why major central banks, the US Federal Reserve, the European Central Bank and the Bank of England, had to infuse funds into the market. These lines of credit are over and above the stand-by credit, which is usually maintained by foreign banks with the Indian banks.
The sell-off was probably aggravated by computer-driven traders
'If one believes that the Indian stock market will go up 70 per cent every year for the next 10 years, I wish you good luck!'
As lobbying and counter-lobbying intensify, right now, it looks like a T20 match, discovers Tamal Bandyopadhyay.
Recovering from early losses, the rupee on Friday ended marginally higher at 64.81 against the US dollar.
Banks and exporters preferred to reduce their dollar position on hopes of further capital inflows as foreign portfolio investors infused $107.22 million yesterday as per the record of Securities and Exchange Board of India.
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