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| Photo Credit: AP
The rupee depreciated 13 paise to close at 82.12 (provisional) against the U.S. foreign money on April 11 as dollar demand from importers weighed on investor sentiments.
At the interbank overseas trade, the home unit opened at 81.96 against the dollar, and at last ended the day at 82.12 (provisional), 13 paise decrease from its earlier close.
During the day, the rupee witnessed a excessive of 81.96 and a low of 82.15 against the dollar.
The rupee on Monday rose 3 paise and settled at 81.99 against the U.S. dollar.
Dilip Parmar, Research Analyst at HDFC Securities, stated the Indian rupee erased Monday’s achieve following company dollar outflows and dollar demand from the importers.
“Local traders will eye tomorrow’s inflation and IIP data for a directional move. The market consensus is expecting lower inflation numbers along with slower output growth,” Parmar stated.
Spot INR-USD might consolidate between 81.70 to 82.50 within the near-term, he added.
Meanwhile, the dollar index, which gauges the dollar’s power against a basket of six currencies, fell 0.46% to 102.10.
Brent crude futures, the worldwide oil benchmark, superior 0.30% to $84.43 per barrel.
On the home fairness market entrance, the 30-share BSE Sensex closed 311.21 factors or 0.52% greater at 60,157.72 factors. The broader NSE Nifty superior 98.25 factors or 0.56% to 17,722.30 factors.
Foreign institutional buyers have been web patrons within the capital market on Monday as they bought shares price ₹882.52 crore, as per trade knowledge.
